27 Trillion Won in Contract Consultations over Five Days at Aerospace and Defense Exhibition

Seoul ADEX 2021 Concludes on the 23rd

Seoul International Aerospace and Defense Exhibition 2021 Indoor Exhibition Hall

[Asia Economy Reporter Choi Dae-yeol] The Seoul International Aerospace and Defense Industry Exhibition 2021 (ADEX 2021), held over the past five days, reportedly achieved $23 billion (approximately 27 trillion KRW) worth of contract consultations, according to the event organizers on the 24th.

According to the Seoul ADEX Joint Operations Headquarters, 440 companies from 28 countries participated in this exhibition, resulting in such achievements through meetings with companies and governments from various countries. Held once every two years, this exhibition was conducted with the largest number of participants in its history, recording the highest level of performance among all past events. The headquarters evaluated this as "the result of the government, private sector, and military working together with full effort to foster the aerospace and defense industries as future growth industries."

The event took place at Seoul Airport from the 19th to the 23rd. Products applying Fourth Industrial Revolution technologies, such as hydrogen fuel-based large drones, robotic legs, metaverse, and virtual reality (VR) training systems, were unveiled for the first time. The Korean Positioning System (KPS) and Urban Air Mobility (UAM) were introduced, and export flagship products such as the FA-50, medium-altitude unmanned aerial vehicle (MUAV), and K-2 tank attracted attention from militaries and buyers worldwide, the headquarters reported.

Efforts were also made to expand the global network by facilitating meetings between exhibiting companies and companies or governments interested in purchasing. Delegations from 40 countries, including overseas defense ministers and army and air force chiefs, totaling 222 representatives, visited Korea and held 709 meetings. It is also praised for contributing to raising awareness and showcasing the technological level of domestic small and medium-sized enterprises. The number of visitors to the exhibition during the event was counted at 120,000.

The Black Eagles performing aerobatics

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