Gumi City Discusses Growth Strategies for Defense Venture Center Partner Companies

Over 50 Local Defense Company Representatives Attend
Sharing On-site Challenges and Technology Strategies
A Total of 7.75 Billion Won in Development Funding Provided

On November 26, the city of Gumi in North Gyeongsang Province held the "2025 Gumi Defense Venture Center Agreement Companies Meeting" at the main auditorium of the Kumoh Technovalley IT Medical Convergence Technology Center to discuss growth strategies for local defense companies.

The meeting was attended by Jeong Seonghyeon, Deputy Mayor of Gumi, as well as representatives from 31 companies partnered with the Gumi Defense Venture Center, totaling more than 50 participants.

Group photo after the "2025 Gumi Defense Venture Center Agreement Company Meeting" / Photo by Kim Ihwan

The event began with opening remarks from Deputy Mayor Jeong Seonghyeon, followed by an introduction to the operational direction of the Defense Venture Center for 2026, a session to hear and address challenges faced by partner companies, a Q&A session, and a lecture by a defense industry expert. The meeting provided an opportunity for companies to share the burdens they face on-site regarding regulations, market access, and technology development, enabling practical communication.

Since its establishment in 2014, the Gumi Defense Venture Center of the Defense Technology Promotion Institute (Director: Seo Hyunsoo) has supported local small and venture businesses in entering the defense industry by providing funding for defense projects, connecting them with expert technical advisors, and supporting combat testing of developed products.

As of November 2025, the number of partner companies has expanded to 65. From 2014 to last year, a total of 7.75 billion won in development funding was provided, including 2.82 billion won in municipal funds to 66 Gumi companies and 4.93 billion won in national funds to 14 companies.

Deputy Mayor Jeong Seonghyeon stated, "We will strengthen our support so that Gumi's defense companies can leverage their technological capabilities to take on larger markets," adding, "Together with our companies, we will build an even stronger defense industry ecosystem."

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