"We will increase our investment in Korea by next year and expand the technical workforce at our Korean R&D center by 20%."

Will Shafer, President of Boeing Korea (pictured), stated at a press conference on the 24th, commemorating the 75th anniversary of Boeing's entry into the Korean market, "Korea is a very important market for Boeing and a country of innovative talent and technology."

Shafer, appointed as President of Boeing Korea in February this year, is a former U.S. Navy pilot and has been an aircraft parts supply chain expert managing Boeing's supply chain since 2013. He noted, "Korea ranks as the fifth largest supply chain globally for Boeing in terms of supplying aircraft parts or fuselage components," and added, "As aircraft production is expected to increase by about 50% this year compared to last year, the scale of investment in Korea will also grow." Boeing's aircraft deliveries from January to August this year increased by 49.2%, from 258 units last year to 385 units this year. Last year, Boeing invested a total of USD 325 million (approximately KRW 453.6 billion) in the Korean market through purchasing parts and other means from partner companies.

He also announced a hiring plan to increase the R&D workforce at the 'Boeing Korea Engineering and Technology Center (BKETC)' by 20% by next year. Shafer added, "Korea is a global defense powerhouse and maintains a close partnership with Boeing," expressing hope that "someday, we will seize the opportunity to jointly develop defense products with Korea and export them worldwide."

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