South Korea aims to become the third most technologically advanced producer of drones in the world in 2023 by utilizing its edge in the information technology field, the country's state-run aerospace research institute said Thursday.

The Korea Aerospace Research Institute announced at an aerospace industry forum in Seoul that the country is poised to become a leader in the global unmanned aerial vehicle (UAV) market, which is expected to grow 10 percent annually up till the target year.