The Ministry of Trade, Industry and Energy held the 2024 Aerospace New Year's Greeting Meeting on the 19th at the JW Marriott Hotel.


About 250 people from various sectors of the aerospace industry attended the event, including Lee Seung-ryeol, Director General of Industrial Policy at the Ministry of Trade, Industry and Energy; Noh Kyung-won, Director General at the Ministry of Science and ICT; Lee Young-soo, Chief of Staff of the Air Force; Kang Gu-young, CEO of Korea Aerospace Industries; Ryu Young-kwan, Vice President of Hanwha Aerospace; Shin Ik-hyun, President of LIG Nex1; Park Jung-woo, Head of Korean Air; Jo Gyu-il, Mayor of Jinju; and Park Dong-sik, Mayor of Sacheon.


The attendees especially celebrated the passage of the 'Space and Aviation Agency Special Act' through the National Assembly, which aerospace industry and researchers had long hoped for, marking a new beginning for the development of the space and aviation industry.


Last year, the domestic aerospace industry achieved milestones such as the successful supersonic flight of the Korean fighter jet KF-21, the export of the FA-50 to Malaysia, the successful third launch of the Nuri rocket, and the largest-ever Seoul ADEX. Aerospace industry exports last year are estimated to have reached $2.29 billion, driven by the global increase in air travel demand and the expansion of domestic military aircraft exports.



Lee Seung-ryeol, Director General of Industrial Policy, expressed support for ▲ securing supply chains for core materials, parts, and equipment and promoting research and development (R&D) ▲ establishing an organic cooperation system with the Space and Aviation Agency ▲ stabilizing workforce supply including foreign personnel, stating, "In the future space and aviation industry sector, let us move forward together as one team of companies and government to take a step further."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing