Minister of National Defense Ahn Gyu-baek met with representatives of defense industry companies on September 30 and pledged active support for defense exports.


Minister Ahn attended the "Defense Industry Communication Meeting" held that afternoon at the Defense Convention Center in Yongsan-gu, Seoul. The meeting was attended by about 20 participants, including representatives from defense industry companies and officials from the Ministry of National Defense.


During the meeting, company representatives made several proposals to help South Korea become one of the world's top four defense powers: ▲active government support to expand defense exports, ▲support for small and medium-sized enterprises to enter overseas markets, and ▲institutional improvements to promote exports.

Yonhap News

Yonhap News

View original image

In response, the Ministry of National Defense promised to actively support defense exports by ▲providing government support through military diplomacy and joint training, ▲strengthening consulting services to help small and medium-sized enterprises expand into export markets, and ▲enhancing the effectiveness of offset trade support for exports.


Additionally, the Ministry of National Defense announced plans to improve the existing annual "Defense Industry CEO Meeting" so that, moving forward, the voices of both large corporations and small and medium-sized enterprises can be heard more vividly and reflected in actual policies. Starting with this meeting, the Ministry plans to sequentially conduct ▲on-site communication by visiting company booths during the ADEX period, ▲meetings with small and venture businesses, and ▲defense industry CEO meetings within the year.



Minister Ahn stated, "Starting with this meeting, the Ministry of National Defense will communicate widely with large, medium, and small enterprises, listen directly to voices from the field, and work to find solutions through joint efforts between the government and companies. We will concentrate government-wide capabilities to ensure the successful achievement of defense exports, and build strong competitiveness in the defense industry within a mutually beneficial structure where both large corporations and small and medium-sized enterprises grow together."


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