The Vice President of the troubled Korea Aerospace Industries Co. has committed suicide police said. The news comes as the company continues to be dogged by suspected irregularities including allegations of price manipulation by KAI officials for the TA-50 project.
Police said that Kim In-sik, KAI’s vice president of overseas business hanged himself in his home in Sacheon, a city to the southeast of Seoul.
A company employee, who was unable to reach Kim by phone, found the body after going to check on him at his residence.
According to Yonhap:
Police said they found a suicide note at the scene, in which Kim wrote about his feelings of regret over the current situation and that he had “tried to do his best.” He apparently apologized to the company and its employees for causing concern. The rest of the letter was written for his family.
The former Air Force brigadier general began his career at KAI as the head of the United Arab Emirates office in 2006 and mainly took charge of KAI’s overseas supply deals, including the sale of the FA-50 light attack aircraft to Iraq.