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Aerospace
Consistent R&D
for Technological Advancement
Although the trade volume is smaller than that of other major countries, Korea focuses on investing in and securing technology. Consequently, the technology gap (about 62% of that of the US) is relatively low, compared to the trade volume gap (about 2.5% of that of the US), Implying Korea’s strength in technology.
Continuous R&DThe space industry has seen a slight decline in exports since 2017, but the decline was accelerated by the pandemic since 2020. Still, the industry continued to record trade surplus.
Successful development and launch
of three-stage launch vehicle Nuri provides
Korea with space transportation capability
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Global Companies
Open R&D Centers and Production Base in KoreaUS-based Boeing established the world’s largest Boeing Korea Engineering and Technology Research Center (BKETC) in Seoul in 2019 and is creating synergies by collaborating with Korean communication, semiconductor and manufacturing sectors. The BKETC has recruited and hired experts in autonomous flight, artificial intelligence, avionics, mobility platforms, smart cabins, and smart factories to study next-generation aerospace technologies.
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Towards a Global
Aerospace PowerhouseThe government has designated aerospace as one of the 12 national strategic technologies, emphasizing its strategic importance at the national level and actively supporting it for future growth and independent development of technologies.
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Three-Axis System of
Space Industry ClustersThe government designated Jeonnam (launch vehicle), Gyeongnam (satellite), and Daejeon (research and talent development) as space industry clusters to foster the space industry led by the private sector. The launch vehicle and satellite clusters were designated as these areas represent the backbone of the space industry, and the research and talent development cluster will support the creation of future new industries.
Hyunjung Lim
Key Industries Promotion Team
+82-2-3460-7888
hjlim1023@kotra.or.kr
Recommendation on Locations
Industrial Complex Information
Sacheon 1st General Industrial Complex
| Initial designation date | 1991.12.28 |
|---|---|
| Designated area(m2) | 2,545,259 |
| Management | Gyeongsangnam-do Sacheon City, Korea Industrial Complex Corporation |
| Nearby Railway | Jinju Station |
| Distance from station(km) | 14 |
| Nearby Airport | Sacheon Airport |
| Distance from airport(km) | 5 |
| Industrial waterSupply capacity(ton/day) | 11000(㎥/day) |
| Affiliation local government | Gyeongsangnam-do Sacheon City |
| Population | 111,440 |
Industrial Complex Information
Gokyong General Industrial Complex
| Initial designation date | 2009.12.24 |
|---|---|
| Designated area(m2) | 1,565,077 |
| Management | Gyeongsangbuk-do Yeongcheon City |
| Nearby Railway | Yeongcheon Station |
| Distance from station(km) | 10 |
| Nearby Airport | Daegu International Airport |
| Distance from airport(km) | 52 |
| Industrial water Supply capacity(ton/day) | 2053(㎥/day) |
| Affiliation local government | Gyeongsangbuk-do Yeongcheon City |
| Population | 101,523 |
Industrial Complex Information
Jeonggwan Agricultural Industrial Complex
| Initial designation date | 1987.02.25 |
|---|---|
| Designated area(m2) | 258,083 |
| Management | Busan Metropolitan City Gijang County |
| Nearby Railway | Busan Station |
| Distance from station(km) | 31 |
| Nearby Airport | Gimhae International Airport |
| Distance from airport(km) | 35 |
| Industrial water Supply capacity(ton/day) | 400(㎥/day) |
| Affiliation local government | Busan Metropolitan City Gijang County |
| Population | 172,288 |
Industrial Complex Information
Sapo General Industrial Complex
| Initial designation date | 2004.12.16 |
|---|---|
| Designated area(m2) | 745,994 |
| Management | Gyeongsangnam-do Miryang City |
| Nearby Railway | Miryang Station |
| Distance from station(km) | 4 |
| Nearby Airport | Gimhae International Airport |
| Distance from airport(km) | 51 |
| Industrial water Supply capacity(ton/day) | 1996(㎥/day) |
| Affiliation local government | Gyeongsangnam-do Miryang City |
| Population | 105,026 |
Industrial Complex Information
Madong Agricultural Industrial Complex
| Initial designation date | 2007.08.06 |
|---|---|
| Designated area(m2) | 287,799 |
| Management | Gyeongsangnam-do Goseong County |
| Nearby Railway | Masan Station |
| Distance from station(km) | 47 |
| Nearby Airport | Sacheon Airport |
| Distance from airport(km) | 38 |
| Industrial water Supply capacity(ton/day) | - |
| Affiliation local government | Gyeongsangnam-do Goseong County |
| Population | 26,867 |
Industrial Complex Information
Duryang Specialized Agricultural Industrial Complex
| Initial designation date | 2004.06.10 |
|---|---|
| Designated area(m2) | 118,161 |
| Management | Gyeongsangnam-do Sacheon City |
| Nearby Railway | Jinju Station |
| Distance from station(km) | 9 |
| Nearby Airport | Sacheon Airport |
| Distance from airport(km) | 5 |
| Industrial water Supply capacity(ton/day) | - |
| Affiliation local government | Gyeongsangnam-do Sacheon City |
| Population | 111,401 |