POSCO Energy Collaborates with Korea Institute of Energy Research to Support Venture Companies in Environment and Energy Sectors

[Asia Economy Reporter Hwang Yoon-joo] POSCO Energy is joining forces with the Korea Institute of Energy Technology to support the discovery of new businesses and the nurturing of venture companies in the environment and energy sectors.

On the 8th, POSCO Energy signed a memorandum of understanding with the Korea Institute of Energy Technology (President Kim Jong-nam) to "discover and nurture promising venture companies based on eco-friendly energy technologies."

Through this agreement, POSCO Energy and the Korea Institute of Energy Technology agreed to establish a "venture company nurturing platform (tentative name)" that objectively analyzes and evaluates the business performance and technological value of promising venture companies, ensuring appropriate investment and follow-up management.

Additionally, the two organizations decided to operate a working-level consultative body on a regular basis from this agreement to discover and nurture technology-based energy venture companies. Through this, they plan to jointly support promising venture companies requiring cooperation between industry and research institutions by providing ▲ technology diagnosis and consultation ▲ technology development infrastructure ▲ technology commercialization through direct and indirect investment ▲ support for discovering domestic and international markets.

Jung Ki-seop, CEO of POSCO Energy, stated, "With the establishment of this new business discovery cooperation model between industry and research institutions, we hope that domestic environment and energy venture investments will be further activated, contributing to new job creation." He added, "We will continue to build a mutually beneficial industrial ecosystem to practice POSCO Group's management philosophy of 'Corporate Citizenship Growing Together with Society.'"

Meanwhile, due to ongoing social distancing measures amid COVID-19, the signing ceremony was held non-face-to-face.

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