LG Electronics-Korea Institute of Machinery and Materials Jointly Develop Core Technologies for Materials, Parts, and Equipment
[Asia Economy Reporter Changhwan Lee] LG Electronics and the Korea Institute of Machinery and Materials (KIMM) announced that they will collaborate to jointly develop core technologies related to domestic manufacturing equipment.
On the 28th, both parties signed a Memorandum of Understanding (MOU) at LG Electronics' Production Technology Center located in Pyeongtaek, Gyeonggi Province. According to this agreement, both sides will jointly develop core technologies related to materials, components, and equipment.
The main joint development areas include robots and lasers, where LG Electronics has accumulated differentiated technological capabilities, as well as Roll To Roll technology, which KIMM has devoted its research capabilities to. Roll To Roll is a method of manufacturing electronic devices on rotating rolls wound with thin materials such as flexible plastic or metal foil.
Both parties plan to hold technology exchange meetings twice a year to jointly discover research projects in the manufacturing industry and share research results. They also agreed to work together to promote international standardization based on their research achievements. Previously, the two sides held a technology exchange meeting in June and began exploring areas of cooperation.
KIMM, established in 1976, is a government-funded research institute. It conducts research in various fields including robotics, lasers, artificial intelligence, and 3D printing.
Park Sangjin, President of KIMM, stated, “We expect that the collaboration between KIMM, which has research capabilities in the manufacturing equipment field, and companies with abundant manufacturing experience will be a significant opportunity to enhance the technological competitiveness of domestic manufacturing equipment.”
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Hong Sunguk, Head of LG Electronics' Production Technology Center, said, “Based on the production technology know-how accumulated so far, we will contribute to further enhancing the competitiveness of domestic manufacturing by working together with government-funded research institutes.”
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