Busan University of Science and Technology Signs Family Company Agreement with 'Formula Management Company'

University Racing Team Operation Collaboration, Automotive Engineering Curriculum Development, and On-site Training Scheduled

On the 19th, Busan Institute of Science and Technology signed a family company agreement between the university and a Formula Management Company.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Busan Institute of Science and Technology announced on the 23rd that it signed a family company agreement with Formula Management Company Co., Ltd. in the main conference room of the university's main building on the 19th.

With about 10 officials from both organizations attending, they agreed to establish a mutual cooperation system to cultivate customized experts tailored to the needs of the students in the Department of Automotive Engineering at the university.

The planned projects include △ participation in the development of customized curricula for the Department of Automotive Engineering and mutual cooperation, △ providing opportunities for industrial training and field internships for professors and students, and △ support for employment and entrepreneurship for students.

They also agreed to jointly provide technical advice and on-site training for students in operating the ‘BIST Racing Team,’ the only racing team run by a junior college at the university.

Vice President Lee Sang-seok said, “Busan Institute of Science and Technology operates the only professional racing team among junior colleges nationwide by utilizing the human and material infrastructure of the Department of Automotive Engineering,” adding, “Partnering with Formula Management Company Co., Ltd., which boasts excellent technology in the field of racing cars, is expected to greatly help students develop various practical field skills.”

Lee Dong-hyun, a member of the Busan Institute of Science and Technology racing team, won the wire-to-wire victory in the ‘Korean Formula KF 1600’ category of the ASA KIC-CUP Touring Car Race held at Korea International Circuit (KIC) in Yeongam, Jeonnam, in July, following the opening race.

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