Sacheon Mayor Park Dongsik Visits Local Leading Aerospace Company Yulgok

Visit to Yulgok, a Leading Local SME in the Aviation Industry
Encouraging Employees and Listening to Company Difficulties

Park Dongsik, the mayor of Sacheon City in Gyeongnam, visited Yulgok, a leading local aerospace company, to encourage its executives and employees and listen to the company's challenges, according to an announcement on the 9th.

Yulgok is an aerospace company that collaborates with Korea Aerospace Industries (KAI) to assemble and produce parts for military aircraft such as the T-50, KT-1, and Surion, as well as key components and fuselages for large commercial aircraft for Boeing and Airbus.

Group photo of Mayor Dongshik Park visiting Yulgok, a leading local aviation company.

With its technological capabilities and price competitiveness proven through domestic and international partnerships, Yulgok is expanding exports by directly supplying leading civil aircraft manufacturers and participating in the global aircraft parts market.

Although the company faced challenges due to the installation of expensive large-scale machinery and the COVID-19 pandemic, management is returning to normal thanks to government support such as the Local Investment Promotion Subsidy (7.9 billion KRW) and the company’s continuous efforts.

Established in October 1990, Yulgok currently employs about 450 people. In 2023, its sales reached 97 billion KRW, showing growth of nearly double compared to 2022 (57 billion KRW).

Mayor Park Dongsik said, “I would like to express my comfort and gratitude to the management and staff for overcoming the crisis in the aviation industry, which had worsened and shrunk due to COVID-19, and for building an even stronger foundation.”

He added, “To revitalize the local economy and create economic activities such as job creation through corporate investment, it is essential to promote regional investment. All members of our city recognize regional economic growth as the top priority and are formulating and implementing policies accordingly.”

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