Alux export contracts with US, Japan surpasses $5 mn

Quick Summary:

To strengthen its position in the US drone market, Alux has established product-specific task forces and is also developing home security drones in collaboration with a major US security solutions company.

As the US government imposes various regulations on Chinese-made drones, which dominate 90% of the commercial drone market, opportunities are emerging for South Korean drone companies.

South Korean drone maker Alux Co.said on Monday its cumulative export contracts with the US and Japan have surpassed 7 billion won ($5 million).

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Article Details

Category: Economy

Markets: South KoreaChinaJapan

Topics: Companies Chinese-made Government Security South Company Market Drone Korean Alux Drones

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 17:37:24 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 164 words

Reading Time: 1 minutes read

Sentences: 15 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23653278

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