The Boeing agreement with KEIT and KIAT will focus on advanced production systems for commercial jet manufacturing, urban air mobility, and cultivating industry talent in Korea.
Boeing has signed a new partnering agreement with the Korea Evaluation Institute of Industrial Technology (KEIT) and the Korea Institute for Advancement of Technology (KIAT) to expand joint research and development activities and further develop critical aviation technologies. The agreement will focus on advanced production systems for commercial aircraft manufacturing, urban air mobility, aerospace semiconductors, and cultivating industry talent in Korea.
The Memorandum of Understanding was signed by Boeing Korea President Eric John, KEIT President Chun Yoon-jong, and KIAT President Min Byung-joo during the visit of Korean President Yoon Seok Yeol to the United States. Through this collaboration, the company and research institutions will seek opportunities to cooperate across the private and public sectors, enhance the competitiveness of Korea’s aerospace industry, and strengthen Boeing’s future aerospace capabilities.
“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, Korea President, Boeing. “We also expect this to benefit the country’s aerospace supply chain,” he further added.
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. This collaboration will pave the way for joint research and development efforts that will benefit both Boeing and Korea’s aerospace industry.
Boeing has been increasing its presence in Korea and pursuing opportunities to partner and advance aerospace technologies with the country for over 15 years, spending more than $4 billion with over 50 Korean suppliers during this time. In 2019, Boeing opened the Boeing Korea Engineering & Technology Center to conduct strategic research on future technologies such as autonomous flight, artificial intelligence, avionics, embedded software, Linux, mobility platform, smart cabin, and smart factories.
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This new partnership agreement builds on Boeing’s existing relationship with the Korean industry and highlights the company’s commitment to developing critical aviation technologies while supporting the growth of Korea’s aerospace sector. With this collaboration, Boeing aims to leverage Korea’s cutting-edge technologies and expertise to strengthen its future aerospace capabilities and expand its global presence.
