Aerospace Agency Forms 'One Team' with 35 Companies...Aiming to Foster Aerospace as a Key National Industry

Presidential Office and relevant ministries mobilize...Calls for market creation and support for overseas expansion

The government and businesses gathered in one place to discuss policy directions for fostering the aerospace industry as a key national industry. Companies called for the creation of public and private demand, support for participation in overseas projects, and expanded financial support so that they can move beyond the narrow domestic market.

The Aerospace Agency announced that on the 12th it launched the "Public-Private Council for Aerospace Industry Development" and held its first meeting. The council is composed of 35 companies across four subcommittees covering aircraft manufacturing, satellite manufacturing and satellite data utilization, launch vehicles, and future technologies, as well as relevant ministries including the Ministry of Science and ICT, the Ministry of Land, Infrastructure and Transport, the Ministry of Trade, Industry and Energy, and the Ministry of National Defense.

Ha Jeongwoo, Senior Secretary for AI Future Planning at the Presidential Office, speaks at the first meeting of the Public-Private Consultative Body for Aerospace Industry Development, launched on the 12th. To his left is Oh Taeseok, Administrator of the Space and Aviation Agency. Provided by the Space and Aviation Agency.

At this meeting, participants discussed ways to create demand in the satellite industry, advance into global markets in aircraft manufacturing, and secure future technologies.

"Help us expand the market"...Calls for demand creation and financial support

Companies in the space sector, taking into account the early-stage conditions of the domestic market, requested the expansion of public procurement, the creation of markets by linking with private-sector demand, and the expansion of launch and satellite infrastructure.

In the aircraft manufacturing sector, participants raised the need for diplomatic and financial support to participate in overseas commercial aircraft development projects, as well as for strengthening policy finance.

The Aerospace Agency plans to review the opinions presented together with the relevant ministries and share the status of their incorporation and implementation plans at the next meeting. The council will hold two regular meetings a year, and through subcommittee meetings it will support regulatory improvements, the identification of research and development (R&D) needs, and the resolution of corporate difficulties.

Ha Jungwoo, Chief of AI Future Planning at the Presidential Office, attended the meeting and stressed, "The government and businesses must work as one team to grow the aerospace industry into a key national industry," adding, "We need a pan-government response that goes beyond ministerial silos and encompasses budgetary, legislative, and administrative support."

Oh Taeseok, Administrator of the Aerospace Agency, said, "We will focus all our capabilities so that the aerospace industry can leap forward as a new growth engine," and added, "We will deliver results that companies and the public can truly feel."

This content was produced with the assistance of AI translation services.