MSDI to Invest KRW 700 Billion in Gumi for Missile Production and MRO Complex

Establishment of Manufacturing Plant and MRO Center by 2029
Creation of Full-Cycle System for Guided Weapons Research and Production
Joint Development Talks with Global Defense Companies Near Completion

MSDI, a defense industry company engaged in the development, production, and maintenance, repair, and overhaul (MRO) of precision-guided weapons, will invest approximately KRW 700 billion in Gumi, North Gyeongsang Province, to establish a production plant and MRO center.

Hwang Seonghwan, CEO of MSDI (fourth from the left), and Kim Jangho, Mayor of Gumi (fifth from the left), are taking a commemorative photo with officials after signing a memorandum of understanding (MOU) for the establishment of a precision guided weapon production, maintenance, repair, and overhaul (MRO) facility and an international defense industry complex at Gumi City Hall, Gyeongbuk, on the 6th. MSDI

On October 6th, MSDI announced that it had signed a Memorandum of Understanding (MOU) with Gumi City for the production and MRO facilities of precision-guided weapons and the creation of an international defense industry complex.

As the first phase, MSDI plans to invest approximately KRW 700 billion by 2029 to build a production plant for precision-guided weapons, an MRO center, and storage and transportation facilities for guided weapons in Gumi. The company also intends to secure land for the production, MRO facilities, and final assembly and storage sites by the end of this year.

In the second phase, MSDI will set up a defense industry complex in an industrial zone being developed by Gumi City, covering the entire process from research and development of guided weapons to production and MRO. MSDI also plans to attract both domestic and international defense companies to foster the related industrial ecosystem. Gumi City will provide administrative and financial support for the project.

MSDI is also working with a leading European missile specialist to jointly develop, produce, and export the next-generation version of air-to-ground guided weapons. For existing air-to-air and air-to-ground guided weapons, the company plans to pursue licensed production and original equipment manufacturing (OEM).

Currently, the company is in discussions with multiple global defense firms to jointly develop and produce guided weapons and establish MRO facilities. MSDI explained that these discussions are now in the final stages and that specific results will be announced soon.

Hwang Seonghwan, CEO of MSDI, said, "We plan to partner with a globally recognized European missile specialist to co-develop, manufacture, export, and maintain the next-generation version of air-to-ground guided weapons, creating a full-lifecycle precision-guided weapons process based in Gumi."

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