Ministry of Industry and Defense Acquisition Program Administration Expand Cooperation on Defense Materials and Components Agreement
Launch of Executive-Level Consultative Body
The Ministry of Trade, Industry and Energy and the Defense Acquisition Program Administration will strengthen cooperation in the materials and components sector to foster the defense industry as an export strategic industry and enhance the competitiveness of the defense industry ecosystem.
On the 29th, the Ministry and DAPA announced that they signed the "Materials and Components Cooperation Agreement for Strengthening the Competitiveness of the Defense Industry Ecosystem" at the Daejeon Convention Center. The core of this agreement is to expand the cooperation relationship, which was previously project-centered under the defense materials and components technology development agreement signed by the two ministries in September 2020, to cover the entire defense materials and components sector.
According to the agreement, the two ministries will promote ▲ joint establishment and utilization of a technology development roadmap for defense materials and components, ▲ cooperation in supporting research and development for the promotion of the defense materials and components industry and utilization of technology development outcomes, and ▲ collaboration to strengthen the competitiveness of the defense ecosystem.
On the same day, the two ministries launched the "Defense Industry Materials and Components Council," jointly hosted by the Director-General of Industrial Policy at the Ministry of Trade, Industry and Energy and the Deputy Administrator of DAPA, with executives from related organizations such as the Korea Institute for Advancement of Technology, the Agency for Defense Development, and the Civil-Military Cooperation Promotion Agency participating.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
The council will begin establishing a joint technology development roadmap for defense materials and components. It will prioritize development based on factors such as overseas dependency and weapon system applicability among advanced materials and components with high dual-use potential for civilian and defense purposes. Using the roadmap as a foundation, it plans to promote the development of defense materials and components with high domestic production ripple effects. Additionally, the council will continue cooperation to strengthen the competitiveness of the defense industry ecosystem by discussing policies and institutional improvements related to defense materials and components and discovering new cooperation agendas.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
