Changwon Special City Gathers Corporate Feedback to Revitalize the Space Industry

Changwon Special Mayor Hong Nampyo and National Assembly Member Choi Hyungdu Visit Hanwha Aerospace Plant

Hong Nampyo, Mayor of Changwon Special City in Gyeongnam, and Choi Hyungdoo, Member of the National Assembly, visited Hanwha Aerospace Changwon Plant 1.

[Asia Economy Yeongnam Reporting Headquarters Reporter Song Jong-gu] Changwon Special City in Gyeongnam has begun actively gathering opinions from companies to revitalize the space industry.

On the 21st at 4 p.m., Hong Nam-pyo, Mayor of Changwon Special City, and National Assembly member Choi Hyung-doo visited Hanwha Aerospace Changwon 1 Plant, which was selected last October as the preferred negotiation partner for the "Korean Launch Vehicle Advancement and Overall Production" project with a total government budget investment of 687.3 billion KRW. They held a meeting to collect corporate opinions on revitalizing the space industry and discuss regional cooperation plans.

Hanwha Aerospace is a leading aerospace company representing the Changwon region, primarily producing gas turbine engines. It played a significant role in the successful launch of the Nuri rocket by overseeing the production of the 75-ton class engine for the Korean launch vehicle KSLV-II. Notably, in early November, Hanwha Aerospace merged with Hanwha Defense, which has achieved great success in defense exports, to become a global defense company representing South Korea.

This visit involved discussions on revitalizing the space industry for the future defense sector in Changwon with Hanwha Aerospace, which is emerging as a leading company in South Korea's space sector as well as on the ground.

The city explained its plan to become a leading city through a space parts cluster by leveraging the strengths of the specialized materials and components region and 105 aerospace parts companies. It requested active cooperation from Hanwha Aerospace. Hanwha Aerospace responded that it would consider ways to expand participation of related small and medium-sized enterprises centered on partner companies.

Mayor Hong said, "We will actively support and cooperate to develop the space industry and other cutting-edge knowledge industries into important assets for the region and the nation, and to foster innovative aerospace parts companies by utilizing regional strengths."

Assemblyman Choi said, "Currently, the National Assembly is paying great attention to nurturing the space industry as a future strategic sector. Hanwha Aerospace, as a leading space industry company, needs significant cooperation to expand investment not only in the Changwon National Industrial Complex but also in the Masan area, which has easy access to ports, to establish itself as a future growth engine representing the entire Changwon region."

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