KOTRA Hosts 'Korea-Japan Aerospace Partnering'... Aerospace Industry Entrepreneurs Gathered in One Place

Expectations for Thawing Cooperation Between Frozen Korean and Japanese SoBuJang Companies

[Asia Economy Reporter Park Sun-mi] About 100 Korean and Japanese businesspeople gathered in one place in Japan, where travel had been difficult since COVID-19.

KOTRA announced on the 22nd that it held the Korea-Japan Aerospace Partnering Project in Nagoya, Japan. Through this event, which consisted of a forum and consultation meetings, various aerospace business cooperation models between companies and local governments of the two countries were explored.

This event was centered around two local governments: Aichi Prefecture in Japan, which plays a pivotal role in its aerospace industry, and Gyeongnam Province in Korea.

Gyeongnam Province accounts for more than 60% of the domestic aerospace industry and is home to about 100 companies, including Korea Aerospace Industries (KAI). Aichi Prefecture is Japan’s largest aerospace industry cluster, accounting for over 50% of Japan’s aerospace industry, with about 200 related companies such as Mitsubishi and Kawasaki gathered there.

KOTRA plans to use this event as an opportunity to continuously support online and offline consultations in the future to strengthen various business partnerships between companies in both countries, including procurement, technology cooperation, and M&A.

Jung Wiyoung, Head of KOTRA’s Innovation Growth Division, said, “This event is a great opportunity to expand cooperation in the aerospace sector between Korea and Japan,” adding, “If we leverage the strengths of both countries, innovative companies like SpaceX can definitely emerge.”

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