Hyundai Construction Invites Entries for the '2020 Technology Contest'

[Asia Economy Reporter Yuri Kim] Hyundai Construction announced on the 24th that it is accepting submissions for the '2020 Hyundai Construction Technology Contest' from domestic small and medium-sized enterprises (SMEs) until August 31.

The submission fields include ▲ cost reduction technologies (construction methods, materials, equipment, etc.) ▲ construction differentiation technologies (smart construction, energy/environment, differentiated technologies for apartment complexes, etc.)?technologies that can be directly applied to construction sites. Eligibility is limited to domestic SMEs as defined by the Small and Medium Enterprise Basic Act.

Applicants can submit related documents, including a 'technology development plan,' through the Hyundai Construction website by August 31. The submissions will undergo document screening in September and presentation evaluation in mid-October. The submitted works will be evaluated based on criteria such as idea appropriateness, development necessity, economic feasibility, and creativity.

The winners will be announced at the end of October, and the awarded technologies will receive up to 100 million KRW in technology development funds. Technology mentoring will also be provided. After technology development, the final results will be evaluated, and Hyundai Construction plans to pilot the technologies at sites under construction to verify their effectiveness.

A Hyundai Construction official stated, "We prepared this contest to discover domestic SMEs with excellent technologies, promote win-win cooperation, and contribute to the future development of construction technology," adding, "We will take the lead in win-win cooperation and mutual growth."

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