Korea Aerospace Industries (047810.KS), or KAI, said on the 21st that it has signed a partnership with the Institute for National Security Strategy (INSS) to sharpen its analysis of the global defense market and strengthen its export competitiveness.
KAI signed the memorandum of understanding on global security analysis and defense policy cooperation with INSS on the 20th, the company said. KAI Chief Executive Kim Jong-chul and INSS President Kim Sung-bae attended the signing ceremony.
The agreement was designed to strengthen joint research and policy cooperation on the global security and defense environment, drawing on KAI's expertise in aerospace and defense and INSS's research capabilities in security and policy.
Building on public-private cooperation, the two organizations will link their respective expertise to pursue analysis of the global security and export environment, improvements to defense regulations and policy research, academic and policy exchanges on defense policy, and jointly hosted seminars and forums.
INSS will analyze the impact of shifting international conditions on the Korean defense industry, along with the policy and diplomatic environment of potential export markets. KAI plans to use those findings to strengthen its technological competitiveness and factor them into export strategies, boosting its ability to enter overseas markets.
The two sides also plan to identify security and technology trends through joint research with research institutes and policy experts at home and abroad, and to co-host policy dialogues and seminars with major overseas think tanks.
"In a rapidly changing international defense market, we will secure accurate information through cooperation with specialized institutions and build the policy and regulatory foundation to support exports and technology development," Kim said. "We will strengthen our ability to respond preemptively to changes in the global security environment."
INSS President Kim stressed, "By linking the security and policy research capabilities the institute has built up with KAI's on-the-ground experience in the aerospace industry, we will establish an effective cooperation model."
