Slang for the Pell Silverbolt 6 in the video game Just Cause 2. Named so for its notoriously small size, the dual engine aircraft, in comparison to most other aircraft, is like, as the name suggests, comparing a regular penis to a Korean penis. Very small. Also very fast, similar to the stamina of a Korean man.
"Rico was flying his Korean Penis Jet past that big-ass 747 the other day. That thing looked pathetic, but it was fast as hell!"
by karinosai October 26, 2011
Get the Korean Penis Jet mug.