POST Online Media Lite Edition



 

Seoul has plans to be global leadership in drone industry

Staff Writer |
South Korea will soon come up with measures to promote its leadership in the global market for drones, the government said, also announcing plans to host a conference toward that end.




The one-day conference on drones will be held Friday in Seoul, involving hundreds of government officials and businesspeople, according to the Ministry of Land, Infrastructure and Transport.

The conference will include keynote speeches by experts from various countries, including Prof. Hwang In-seok from the United States' Purdue College of Engineering.

Also at the conference, the Korea Transport Institute (KTI) and Korea Aerospace Research Institute (KARI) will reveal their joint road map for the development of the local drone industry.

"According to recent market reports, more than 30 million new drones will be produced this year, marking a 39 percent hike from the year before, while the global market is expected to grow 34.3 percent on-year to $6 billion," the ministry said, adding that was why most advanced countries were now competing fiercely for global market leadership.


What to read next

Drones could grow to $11 billion industry by 2024
Infrastructure drone market worth $45 billion
Japan's first mass-produced drone takes maiden flight