South Korea's President Yoon Suk-yeol pledged on Thursday to step up efforts to boost weapons exports and secure cutting-edge defence technologies as he aims to build the country's weapons industry into the world's fourth-largest arms exporter.
Yoon hosted a meeting on promoting defence exports for the first time since taking office in May, designed to explore ways to shift the mainstay of the industry to exports from domestic supplies.
"The defence industry is a new future growth engine and the pivot of the high-tech industry," Yoon told the meeting held at Korea Aerospace Industries Ltd"With the intensifying competition for technological supremacy, we need to secure technological competitiveness to develop game-changing weapon systems for future wars."
To that end, he called for improving the conditions for research and investment by defence contractors, and building an ecosystem that can grow autonomously by fostering a more export-oriented industry structure.
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