The 8th Minseon Administration of Gyeongnam Province to Foster Defense Industry Strategy

Meeting Between Defense System Companies and Partners Held

A meeting between system companies and partner firms was held to promote the defense industry in Gyeongnam.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Gyeongsangnam-do held a meeting on the 7th between defense industry system companies and their partner firms.

The meeting was attended by Ryu Myeong-hyun, Director of the Industrial and Trade Bureau of the province, Lee Eun-ung, Head of the Machinery Materials and Parts Center at Gyeongnam Technopark, representatives from three system companies including Hanwha Defense, Hyundai Wia, and Daewoo Shipbuilding & Marine Engineering, as well as officials from 13 defense small and medium enterprises such as Daehan Systech and Geuma Hydropower.

The meeting was organized to concretize support measures for the focused development of the province’s defense industry, which has been gaining attention due to recent international situations and order achievements.

The attendees proposed policies based on field experience and shared opinions on ▲joint cooperative projects between system companies and partner firms to discover core item R&D, parts localization, and support for technical difficulties ▲the 2023~2027 Gyeongnam Defense Industry Development Basic Plan ▲and improvement of industry difficulties.

Gyeongsangnam-do plans to review the company difficulties and proposals that were intensively discussed that day, recommend necessary institutional improvements to the relevant central government departments, and promote the discovery of new businesses if support is needed.

Director Ryu of the Industrial and Trade Bureau said, “To intensively develop the defense industry as a strategic industry of the province, it is a priority to listen to the opinions from the field about what defense companies practically need,” adding, “We will actively review the proposed collaborative projects and spare no administrative and financial support at the provincial level.”

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