LS Mtron-Korea Institute of Industrial Technology Sign MOU to Enhance Partner Companies' Technical Competitiveness

Goo Bon-gyu, CEO of LS Mtron (third from the left), and Lee Nak-gyu, President of the Korea Institute of Industrial Technology (fourth from the left), along with other attendees, are posing for a commemorative photo at the signing ceremony. (Photo by LS Mtron)

[Asia Economy Reporter Jeong Hyunjin] LS Mtron, an industrial machinery and advanced components specialist under LS Group, announced on the 15th that it has signed a Memorandum of Understanding (MOU) for the 'Go Together Project' with the Korea Institute of Industrial Technology.

This MOU aims for LS Mtron and the Korea Institute of Industrial Technology to support the research and development (R&D) of partner companies based on manufacturing technology capabilities, enhancing technological competitiveness and advancing the manufacturing industry.

According to the agreement, LS Mtron and the Korea Institute of Industrial Technology plan to collaborate on discovering joint research projects in the agricultural and forestry machinery manufacturing sectors, and provide joint technical support to improve R&D and technological competitiveness of small and medium-sized enterprises. They will also pool efforts on personnel exchanges, education, sharing industrial trends, technical information, and related knowledge and know-how for joint R&D and technical support, as well as other mutually recognized areas requiring cooperation for mutual development.

Since July 2010, LS Mtron has been collaborating with the Korea Institute of Industrial Technology through joint research, utilization of research equipment, and technology transfer to enhance its own technological capabilities and support partner companies' R&D capacities. Recently, they have conducted several joint research projects particularly focused on automatic transmission operation and control software development, verification, tractor hydraulic system design, and reliability evaluation.

LS Mtron and the Korea Institute of Industrial Technology plan to conduct joint research this year to improve tractor electro-hydraulic functions. They also intend to disseminate the accumulated technological expertise from this project to partner companies, establishing a foundation for mutual growth.

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