Changwon Materials Research Institute's 'Won Promotion Bill' Passes National Assembly Standing Committee

Expectations for the Status of South Korea as a Central Institution for Material and Component Self-Reliance

Exterior view of Changwon Materials Research Institute

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Sharon] The amendment to the "Act on the Establishment, Operation, and Promotion of Government-Funded Research Institutes in the Field of Science and Technology," which is the bill to upgrade Changwon Materials Research Institute to an "Institute," passed the Science, Technology, Information and Broadcasting and Communications Committee on the 5th and is expected to be finalized through the Legislation and Judiciary Committee and the National Assembly plenary session.

The passed bill includes provisions to upgrade the Materials Research Institute to an "Institute." Changwon City has advocated the necessity of the upgrade to consolidate domestic advanced source material technology development and commercialization capabilities in order to enter the ranks of a materials powerhouse.

Mayor Heo Seong-mu of Changwon stated, "The development of the materials industry is essential to strengthen the competitiveness of key industries such as machinery and shipbuilding that support Changwon, and the upgrade of the Materials Research Institute to an Institute must be achieved," adding, "We will actively strive for the passage through the Legislation and Judiciary Committee and the National Assembly plenary session."

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