Koo Yoon-cheol: "Establishing a Leading Model for Civil-Military Technology Synergy... Expecting Economic Vitality"

[Asia Economy Reporter Jang Sehee] Koo Yoon-cheol, Vice Minister of Strategy and Finance, stated on the 2nd, "I hope that the successful cases will spread in the future based on the civilian-military technology mutual utilization leading model, becoming a new source of economic vitality."

On the same day, Vice Minister Koo held a meeting on civilian-military technology mutual utilization at the Government Complex Sejong with related ministries, affiliated organizations, and private experts participating, and said, "To revitalize the mutual utilization of civilian-military technology, we must reorganize the support system by project cycle to achieve practical success."

He emphasized, "Advanced countries and global defense companies are actively pursuing civilian-military technology mutual utilization strategies through mergers and acquisitions to secure the MilTech 4.0 market."

He also pointed out, "Since 1999, the government has continuously promoted civilian-military technology cooperation projects centered on the Agency for Defense Development through inter-ministerial collaboration, but even projects where technology transfer has been completed lack follow-up commercialization support systems, resulting in insufficient tangible and perceptible outcomes."

He urged related ministries, "Let us actively collaborate so that a model that produces concrete and tangible results can be developed."

Meanwhile, the government plans to announce specific details through the 2020 civilian-military technology cooperation project implementation plan on the 4th.