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As a result of meeting, the Republic of Korea Government (ROKG) took a major step in its plan to consolidate Korea's competing aerospace industry manufacturers (Hyundai, Samsung, Daewoo) into a new single entity known as the Korea Aerospace Industries, Ltd. (KAI). Although program activities began in May 1999, and a joint planning team is in place, the company was not actually be legally registered with ROKG until late July 1999. The Korean government granted KAI exclusive rights for all of the government's military logistics and aerospace projects. In order to accomplish this, Korea plans to designate the KAI as an "Exclusive Business Organization for the Korean Aerospace Industry.