Jinju City Signs Business Agreement to Foster Aerospace Parts and Materials Industry

Joining Hands for Cooperation to Foster and Revitalize Specialized Industries in Gyeongnam Jinju Small Giant Special Zone

Business Agreement Ceremony for Fostering the Aerospace Parts and Materials Industry
[Image Source=Jinju City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jinju City, Gyeongnam announced on the 26th that it has signed a business agreement with related organizations to foster the aerospace parts and materials industry.

The signing ceremony held at the Jinju Asia Lakeside Hotel on the same day was attended by Cho Gyu-il, Mayor of Jinju City, Jeong Gyeong-hwan, Vice Chairman of the Korea Aerospace Industry Promotion Association, and Moon Yong-ho, Director of the Gyeongnam Jinju Small Giant Special Zone Support Center.

The three organizations agreed to cooperate on mutual collaboration to expand the achievements of the Gyeongnam Jinju Small Giant Special Zone, establish channels for fostering specialized and related industries in the zone, and improve policies and systems for the development of these industries.

The Jinju Small Giant Special Zone Support Center was designated as a special zone for aerospace parts and materials in August 2019, and through mutual cooperation among regional innovation entities including industry, academia, research, and government, it has produced remarkable results in various fields, becoming a new model for creating innovative technologies.

The Korea Aerospace Industry Promotion Association, established in 1992 under the Ministry of Trade, Industry and Energy, is the largest domestic association in the aerospace sector, with 96 leading aerospace companies as members, playing a key role in the growth and development of the aerospace industry in Korea.

Mayor Cho Gyu-il said, “Through this agreement, we greatly anticipate the training of future aerospace personnel and the development of Jinju’s aerospace industry,” adding, “We will do our best to foster the aerospace parts and materials industry as a new growth engine industry that will drive regional development and innovation.”

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