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Economy

CEO of top South Korean military supplier resigns over corruption scandal

Ha of KAI suspected of manipulating costs of helicopter, aircraft development

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Engineers assemble a FA-50, South Korea's first home-built light fighter, at a plant of the Korea Aerospace Industries in Sacheon on August 14, 2013.   © Reuters

SEOUL -- The chief executive of Korea Aerospace Industries, Ha Sung-yong, resigned Thursday amid a corruption scandal in which the state-owned military company is alleged to have manipulated costs for the development of military aircraft by tens of billions of won.

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