President Yoon Emphasizes Investment in Aerospace Industry for National Security and Future Growth

President Yoon Suk Yeol stated on July 3 that the aerospace industry is crucial for national security and future economic growth. Speaking at the 5th National Space Commission meeting in Jinju, South Korea, he emphasized the need for significant investment and development in this sector.

"The global competition for technological supremacy is now extending beyond Earth into space," Yoon said. He highlighted that for South Korea to become a leading industrial power, focused investment in the aerospace sector is essential. "Our technological capabilities have already been proven; we must now translate these achievements into enhanced industrial competitiveness," he added.

Yoon expressed confidence that the aerospace industry belt along the southern coast will lead South Korea's leap into becoming a space power. He pledged to support innovative companies and scientists in their endeavors to challenge boldly and freely.

He also urged the public to take a keen interest in the nation's efforts to extend its reach from local challenges to the vastness of space.

During the meeting, Oh Tae-seok, head of the Korea Aerospace Administration, presented a report on the "Korea Aerospace Industry Development Strategy." He noted that low-orbit satellite communication networks, which are critical for national security, communication, and sovereignty, are a key infrastructure in the 6G era and future space economy. Oh announced plans to complete a Korean-style low-orbit satellite communication network by 2035.