Seunghyun Oh, Executive Director of Doosan Infracore Co., Ltd.
Myeongjik Bae, CEO of Giyang Metal Industry Co., Ltd.

Seunghyun Oh, Executive Director at Doosan Infracore

Seunghyun Oh, Executive Director at Doosan Infracore

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[Asia Economy Reporter Junho Hwang] Seunghyun Oh, Executive Director of Doosan Infracore, who localized the MCV, a core component of excavators that were dependent on imports, and Myungjik Bae, CEO of Giyang Metal Industry, who developed blackening technology for stainless steel sheets, have been selected as the first recipients of the Korea Engineer Award this year. The Ministry of Science and ICT and the Korea Industrial Technology Association announced on the 11th that they selected the awardees and will present the ministerial award and a prize of 5 million won.


Executive Director Oh is a master who elevated Korea's excavator MCV technology to the world's highest level. The MCV, which requires the most advanced technology among excavator parts, is a component that transmits hydraulic pressure to each operating part to control equipment movement and work actions. He not only localized the MCV, but also developed the world's first integrated frame-type MCV for medium-sized excavators. Through this, fuel efficiency improved by 12% compared to existing foreign MCVs, and production costs were reduced by 20%. In particular, he also developed excavators weighing 1.7 to 80 tons equipped with world-class harmful gas purification technology.


Executive Director Oh stated, "As Korea's top construction machinery manufacturer, we will continue innovative technology development through the capabilities and experience accumulated over a long time," and added, "We will strive for the development of the domestic construction machinery industry by securing world-class technological competitiveness."


Selected as a small and medium enterprise awardee, CEO Bae developed the country's first blackening technology for stainless steel sheets using the electrolytic method. This technology enables stainless steel sheets to be realized in various colors. The Ministry of Science and ICT evaluated that domestic companies achieved replacing high value-added materials, which were difficult to secure due to import restrictions on overseas parts, with domestic products and also created export opportunities.



CEO Bae said, "The development of blackening technology for stainless steel sheets will create new demand and improve quality of life," and added, "We will leap forward as a global company through active overseas expansion."

Baem Myeongjik, CEO of Giyang Metal Industry

Baem Myeongjik, CEO of Giyang Metal Industry

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