Korea Expressway Corporation and Construction Research Institute Sign MOU for Smart Construction Technology Development Project

Kim Jin-suk, President of Korea Expressway Corporation, and Han Seung-heon, President of Korea Institute of Civil Engineering and Building Technology, are taking a commemorative photo after the "Business Agreement Ceremony for the Implementation of Smart Construction Technology" at the headquarters of Korea Expressway Corporation in Gimcheon-si, Gyeongsangbuk-do on the 22nd. (Photo by Korea Expressway Corporation)

[Asia Economy Reporter Chunhee Lee] Korea Expressway Corporation and Korea Institute of Civil Engineering and Building Technology are joining forces to develop smart construction technology.

On the 22nd, the Expressway Corporation and the Construction Institute announced that they signed a memorandum of understanding at the Expressway Corporation headquarters in Gimcheon, Gyeongbuk, to successfully complete the "Smart Construction Technology Development Project for Road Demonstration."

Starting from April and lasting until the end of 2025, this 5-year and 8-month project involves a total of 156 institutions and 1,076 researchers. The goal is to increase construction productivity and digitalization by 25%, while reducing construction period and accident rates by 25%. A total budget of 205 billion KRW will be invested, combining 141.8 billion KRW in government funding and 63.2 billion KRW in private sector contributions.

Through this agreement, the two organizations recognize the importance of information sharing, technical exchange among experts, and research cooperation for the development of smart construction technology, and agreed to actively collaborate.

The detailed contents of the agreement include ▲sharing information and technical exchange in related fields ▲cooperation in research and institutionalization ▲collaboration in building and operating testbeds (forming a working consultative body) ▲promotion of overseas development projects and joint bidding (forming a project TF team).

The Expressway Corporation will participate as the lead organization responsible for the entire process of the smart construction technology development project, promoting the establishment of an integrated platform for practical linkage of all detailed tasks and building testbeds to verify developed technologies. The Construction Institute will add synergy by contributing infrastructure and operational experience such as the "Social Overhead Capital (SOC) Demonstration Center" and the "Smart Construction Support Center."

Kim Jin-sook, President of the Expressway Corporation, said, "Through the digitalization of construction technology, we will secure technological competitiveness at the level of advanced countries and create an opportunity for the Korean construction sector to leap forward again." He added, "We will actively cooperate with all participating institutions, including the Construction Institute, to ensure the success of the smart construction technology development project."

Han Seung-heon, President of the Construction Institute, also stated, "Through this agreement, we will establish a practical foundation for smart construction technology in the road sector and apply it to all construction fields such as ports, railroads, and housing, turning it into an opportunity to create sustainable new markets."

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