Boeing, the Korea Evaluation Institute of Industrial Technology (KEIT), and the Korea Institute for Advancement of Technology (KIAT), will collaborate on advanced production systems for commercial aircraft manufacturing, urban air mobility, aerospace semiconductors and cultivating industry talent in Korea. The MoU was signed during Korean President Yoon Seok Yeol’s visit to the United States.
“We will continue to support the advancement of Korea’s rapidly growing aerospace sector by leveraging Boeing’s global aerospace expertise and Korea’s cutting-edge technologies,” said Eric John, Boeing Korea President. “We also expect this to benefit the country’s aerospace supply chain.”
KEIT will identify Korean companies with potential for participation, while KIAT will focus on defining areas for research, development and commercialization of advanced components for airplanes.
Through this collaboration, the company and research institutions will seek opportunities to cooperate across the private and public sectors. These efforts are intended to enhance the competitiveness of Korea’s aerospace industry and strengthen Boeing’s future aerospace capabilities.