Igus Industry Selected as Support Target for Ministry of Trade, Industry and Energy's Materials and Components Technology Development Program
[Asia Economy Reporter Geum Boryeong] Igusanup Co., Ltd. announced on the 1st that it has been selected as a support target for the Ministry of Trade, Industry and Energy's Materials and Components Technology Development (Development of high-strength, high-conductivity copper alloy materials for 1000V-compatible electric vehicle terminals).
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The total project scale is approximately 2.3 billion KRW (1.4 billion KRW government subsidy, 900 million KRW private contribution), and the development period is until January 31, 2023.
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