Yulchon Chemical and 56 Other Excellent Corporate Research Institutes Selected

[Asia Economy Reporter Junho Hwang] On the 20th, a total of 56 company-affiliated research institutes were selected as excellent corporate research institutes for the second half of this year, including Yulchon Chemical Research Institute, which developed secondary battery materials previously monopolized by Japan and demonstrated the excellence of Korean technology, and Irangtec Research Institute, which contributed to the localization of 5G network equipment. The Ministry of Science and ICT announced the results of the evaluation of excellent corporate research institutes for the second half of this year, in which 286 company-affiliated research institutes participated.

Since 2017, the government has been selecting company-affiliated research institutes with outstanding technological capabilities and high technology commercialization performance as excellent corporate research institutes every half year. Last year, 35 research institutes were selected, and 19 were chosen in the first half of this year.

For the second half of this year, the selection was expanded from manufacturing to service industries. In addition to Yulchon Chemical and Irangtec, DoubleMe’s company-affiliated research institute was selected as an excellent corporate research institute for securing advanced technology called Holoport, which can capture real-time high-quality holograms using only one camera and a computer. Also selected were Miso Information Technology Co., Ltd. Research Institute, which possesses big data analysis solutions and text analysis solutions for natural language processing, and Koino Co., Ltd. Research Institute, which has various services and solutions such as remote support, remote control, and contactless smart work.

Jung Byung-sun, Vice Minister of the Ministry of Science and ICT, stated, "In the era of 40,000 company-affiliated research institutes, we plan to support customized growth according to the capabilities of company-affiliated research institutes by utilizing the R&D capability diagnosis service introduced this year, and to discover various support benefits for designated excellent corporate research institutes, thereby inducing a qualitative leap following the quantitative growth of company-affiliated research institutes."

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