Korea Aerospace Industries (KAI) is strengthening its aerospace industry partnership with Mexico in conjunction with President Yoon Suk Yeol's state visit to the country.
On September 17, KAI signed a memorandum of understanding (MOU) for aerospace industry cooperation with the Mexican Aerospace Industry Association (FEMIA) and POSCO International, the company announced on September 28.
This agreement aims to bolster Mexico's aerospace industry ecosystem and solidify the strategic partnership between the two countries as Mexico pursues its national long-term economic development strategy, known as 'Plan Mexico.'
KAI plans to leverage its platforms and technologies in complete aircraft, civil aviation, and space sectors to expand local partner participation. The company aims to drive growth in Mexico's aerospace industry by establishing practical business models, including supply chain cooperation, while continuously exploring business opportunities in the Latin American market.
Specifically, KAI will seek to develop a multifaceted cooperation model that includes local production, technology collaboration, and supply chain localization based on its platforms for fixed-wing, rotary-wing, unmanned aerial vehicles, satellites, and maintenance, repair, and overhaul (MRO) services. The company will work together with local partners to identify necessary industrial and technological solutions.
FEMIA will facilitate exchanges within Mexico's aerospace ecosystem, which includes industry stakeholders and public institutions, support the identification of verified local partners, and provide localized policy information.
POSCO International will leverage its global network to explore new business opportunities and seek financial cooperation, ensuring that identified local companies can be integrated into KAI's aerospace manufacturing supply chain.
KAI CEO Kim Jong-chul stated, "This will be a significant turning point for both countries to establish themselves as key partners in the aerospace industry. We will accelerate our entry into Central America with our collaboration with Mexico and expand our export base to North America and South America in the future."
* This article has been translated by AI.
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