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Lee Yong-bae, CEO of Hyundai Rotem Co., was elected the head of the Korea Association for Space Technology Promotion. Lee has previously held key positions at Hyundai Motor Co. and Hyundai Wia Co. Under his leadership, Hyundai Rotem has advanced its aerospace capabilities, including a methane engine development program for South Korea's first reusable space launch vehicle. Lee expressed his commitment to fostering a competitive space ecosystem in South Korea during this critical period for the industry.