Presidential Office Holds "Defense Industry Development Promotion Team" Meeting Led by First Deputy Director for National Security and Chief of Economic Growth

On August 28, the Presidential Office announced that it held the first meeting of the "Defense Industry Development Promotion Team" and discussed policies and support measures.

The meeting was held at the Defense Convention Center in Yongsan-gu, Seoul, presided over by Kim Hyunjong, First Deputy Director of the Presidential Office for National Security, and Ha Junkyung, Chief of Economic Growth. During the meeting, participants discussed policy directions for the development of the defense industry and government-wide measures to support defense exports.

HyunJong Kim, First Deputy Director for Security, National Security Office, Yonhap News Agency

The Promotion Team was newly established as a government-wide control tower for the advancement of the defense industry. It is organized as an inter-agency consultative body that includes the Presidential Office, the Ministry of National Defense, the Ministry of Economy and Finance, the Ministry of Foreign Affairs, the Ministry of Trade, Industry and Energy, the Defense Acquisition Program Administration, as well as public institutions such as the Export-Import Bank of Korea, Korea Trade Insurance Corporation, and the Agency for Defense Development. Major defense companies, startups, and experts are also participating.

During this meeting, participants exchanged views on strategies for the development of the defense industry, export strategies by region and country, measures to foster defense startups, and ways to strengthen the competitiveness of the defense industry ecosystem.

The Presidential Office explained, "Going forward, the Defense Industry Development Promotion Team will hold meetings every quarter to review the implementation of policy tasks and discuss necessary support measures for defense exports."

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