KATS Holds the '1st New Technology and New Product Certification Award Ceremony'

"43 New Technologies and Products Lead the Drive in Manufacturing"

Source: Ministry of Trade, Industry and Energy

[Asia Economy Reporter Moon Chaeseok] The National Institute of Technology and Standards under the Ministry of Trade, Industry and Energy announced that it held a certificate awarding ceremony for 43 new technologies (NET) and new products (NEP).

The ceremony, hosted by the National Institute of Technology and Standards, took place on the 21st at 2:30 PM at The-K Hotel Seoul, with about 100 attendees including representatives and executives of companies certified for new technologies and new products.

This NET certification was granted to 26 innovative technologies (certification rate 13%) after a three-stage review of 191 applied technologies.

In the materials, parts, and equipment sector, a transparent electrode manufacturing technology essential for flexible displays was selected.

In the hydrogen economy sector, an optimal operation technology for green hydrogen production systems was chosen.

The technology for manufacturing compositions for freezing preservation of cells and tissues was also included. Thanks to this technology, a significant reduction in the production cost of biopharmaceuticals is expected.

The NEP certification was awarded to 17 products (certification rate 9%) with outstanding innovation and marketability among a total of 188 applied products.

Included was a transparent heat-blocking film applying advanced nanomaterials. This material is excellent in reducing building energy consumption.

Certified NEP products receive support such as market access through priority purchasing by public institutions, financial support, and preferential treatment when applying for government research and development (R&D) projects. This is to foster technology-innovative small and medium enterprises.

Since 2006, the public institution mandatory purchase system (20%) has been introduced, and the National Institute of Technology and Standards explained that it has greatly contributed to expanding sales and creating jobs for small and medium enterprises that acquired certification for their developed products.

According to the National Institute of Technology and Standards, the annual public purchase amount per item was 2.11 billion KRW as of last year. According to a 2018 survey, 5.5 new jobs were created after certification.

In his congratulatory speech, Lee Seung-woo, head of the National Institute of Technology and Standards, emphasized, "Just as Korea overcame the initial difficulties of the novel coronavirus disease (COVID-19) crisis and has now become a leading country in quarantine, the new technology and new product certification system can serve as a model case of cooperation between companies and the government to overcome economic crises."

Director Lee said, "I hope companies will continuously develop innovative technologies and products, and the government will actively support these companies to strongly lead the manufacturing industry."

This content was produced with the assistance of AI translation services.