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South Korea strives to become one of the world's top four arms exporters by 2027

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Yonhap News Agency, Seoul, November 24th. South Korean President Yin Xiyue hosted the "2022 Military Industry Export Strategy Conference" in Sacheon, South Gyeongsang Province on the 24th, and proposed a goal of exceeding 5% of the global market share by 2027.

According to the Ministry of Defense and the Ministry of Industry, Trade and Resources, the meeting was held at Korea Aerospace Industries (KAI), a well-known military enterprise in South Korea. This is the first military export strategy meeting held since the establishment of the Yin Xiyue government. Heads of relevant government departments, senior military personnel, and representatives of 60 military enterprises attended the meeting.

At the meeting, the Ministry of National Defense proposed the goal of making South Korea one of the world's top four military exporters by 2027 and the four major issues that need to be achieved. The Ministry of National Defense stated that in order to develop weapons with international competitiveness, it will take the lead in eight rule-breaking fields: artificial intelligence, hypersonic speed, synthetic biology, high energy, future communications, Internet, space, unmanned driving, and quantum physics. Master the core technology. The Korean military will actively provide after-sales services to countries that purchase South Korean arms, hold joint exercises with the militaries of the purchasing countries to share experience in using weapons, provide technical training support, and improve quality and reputation through demonstrations by the Korean military.

The Ministry of Industry plans to develop world-leading carbon composite material technology and increase the market share to 10%. Next month, it will release a strategy for enhancing the competitiveness of carbon composite materials. The Ministry of Industry will also spend 1 trillion won (approximately RMB 53.8 trillion) to encourage military-civilian technical cooperation and promote innovative research and development of military-to-civilian, civilian-to-army, and dual-use technologies. (Finish)

[Copyright belongs to Yonhap News Agency, unauthorized reproduction is strictly prohibited]

The news is published by EMEA Tribune & Yonhap News Agency210520-twitter-verified-cs-70cdee.jpg (1500×750)

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