Strengthening the Foundation for Fostering and Innovating the Space Industry in Daejeon

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is set to establish an innovation foundation necessary for fostering the space industry.

Provided by Daejeon City

On the 15th, the city announced that it will actively promote a customized "Space Industry Innovation Foundation Establishment Project" plan for the systematic development of the local space industry.

The project plan was formulated with the goal of creating synergy effects with the research and talent development-specialized space industry cluster designated last December. A total of 2 billion KRW will be invested in the project.

First, to foster space companies and create new industries, the city will promote support projects including patent and certification assistance, R&D planning and prototype production support, technology transfer support, startup nurturing support, provision of space industry technology and market information, and domestic and international marketing support.

Additionally, to strengthen Daejeon's leading role in the space industry and create jobs, the city will operate a space industry council, plan new businesses such as the establishment of a space industry cluster, conduct benchmarking of advanced overseas sites, and simultaneously promote specialized human resource development projects for the space industry.

Furthermore, the city plans to expand the "New Space Development Council" and discover new specialized projects that can enhance space competitiveness, thereby solidifying the foundation for the space industry cluster.

Han Sun-hee, Director of the Strategic Business Promotion Office, said, "Establishing an innovation foundation for the space industry is one of the city's key projects," adding, "We will create an industrial ecosystem where local space companies can gain self-sustainability and organically link it with the space industry cluster so that Daejeon can become a central city of the space economy powerhouse."

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