Yulchon hires former colonel in defence industry boost | Korea

Korean agency Yulchon has employed Nan Hyung Kim, a former colonel with 20 years’ expertise within the Korean navy, as a associate in its abroad defence trade group to strengthen choices on this sector.

“Demand is rising quickly not solely from overseas governments and defence contractors for the procurement of or collaboration on Korean weapons, but additionally for authorized recommendation on the assorted points that home defence firms encounter when increasing abroad,” Nam Ho Kim, the pinnacle of actual property and development at Yulchon, informed Asia Enterprise Regulation Journal on causes behind recruiting Nan Hyung Kim.

“Nan Hyung is provided with distinctive experience in addressing the advanced authorized points arising between home and worldwide defence initiatives.”

Nan Hyung Kim joined the Korean navy as a authorized officer in 2005 and retired in March 2025. Her final place was as a colonel on the Defence Acquisition Program Administration (DAPA), a authorities company answerable for bettering the nation’s defence capabilities, supplying navy tools and fostering the defence trade. At DAPA, she offered authorized oversight for guided weapons methods, cutting-edge AI and drone procurement initiatives.

At Yulchon’s abroad defence trade group, Nan Hyung Kim is about to offer advisory work for home and overseas defence contractors navigating cross-border compliance, negotiations and strategic partnerships.

Though the DAPA famous Korea’s defence trade exports fell from USD13.5 billion in 2023 to USD9.5 billion in 2024, Yulchon remained optimistic about its future within the defence sector.

“Home defence corporations are frequently broadening their abroad market presence, whereas at house procurement programmes for a wide range of giant weapons methods are underneath means; because of this, overseas defence contractors’ entry into the Korean market is predicted to turn into much more lively,” mentioned Nam Ho Kim.