20 Domestic Railway Technologies Obtain International Certification... Export Performance of 22.9 Billion KRW

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Through the Ministry of Land, Infrastructure and Transport's 'Railway Equipment International Certification Acquisition Support Project,' a total of 20 domestic small and medium-sized railway technology companies have obtained international certifications over the past two years. The export performance achieved through this amounts to 22.9 billion KRW.

On the 14th, the Ministry announced that since 2018, it has selected a total of 51 railway technologies from 35 promising domestic companies and provided support totaling 3.91 billion KRW for testing and certification fees, factory inspection fees, consulting fees, and more to help their overseas expansion.

The support targets small and medium-sized enterprises (SMEs). SMEs received up to 100 million KRW per case within 60% of the total cost, while medium-sized enterprises were supported up to 80 million KRW per case within 40% of the total cost.

As a result, a total of 20 international certifications were acquired, including 10 safety certifications, 8 quality certifications, and 2 other certifications. In particular, seven technologies?including trackside control units, axle detection devices, universal CPU modules, vertical screen doors, onboard signaling devices, vehicle door systems, and track switch machines?obtained the highest safety grade (SIL4), recognizing their world-class safety levels.

These technologies met the requirements of foreign clients such as Egypt, achieving export results worth approximately 22.9 billion KRW. Additionally, by replacing mostly imported signaling and safety products with domestically certified products, an import substitution effect worth about 50.5 billion KRW is also expected.

Kang Hee-eop, Director of the Railway Bureau at the Ministry of Land, Infrastructure and Transport, stated, "We plan to support market development costs and increase the amount of certification acquisition support to ensure that the international certification achievements smoothly lead to our companies' overseas market entry. We will continue to actively support the expansion of the base of Korean railway companies with excellent technology in the overseas railway market."

This content was produced with the assistance of AI translation services.