KSP Selected as Lead Institution for Ministry of Trade, Industry and Energy National Project
[Asia Economy Reporter Geum Bo-ryeong] KSP announced on the 31st that it has been selected as the lead institution for a national project under the Ministry of Trade, Industry and Energy's development project for ultra-high temperature engine materials for defense drones.
The project is titled "Development of Forging and Free Forging Technology for 5000lbf-class Aircraft Engine Parts." The total duration is approximately 42 months, ending on December 31, 2023. The total project budget is 13.8 billion KRW.
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KSP stated, "We expect to pioneer new markets as a high value-added new industry that can overcome the stagnation problem of the traditional core machinery materials industry."
This content was produced with the assistance of AI translation services.
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