Jeju Development Corporation and Korea Institute of Industrial Technology Jointly Develop Eco-Friendly Packaging

Kim Jeong-hak, President of Jeju Special Self-Governing Province Development Corporation, is taking a commemorative photo after signing a business agreement with the Korea Institute of Industrial Technology.

[Asia Economy Reporter Lim Hye-sun] Jeju Special Self-Governing Province Development Corporation announced on the 14th that on the 13th, at the temporary office and research building of Jeju Development Corporation in Jeju City, Jeju Province, President Kim Jeong-hak and Director Lee Nak-gyu of the Korea Institute of Industrial Technology, along with other officials, signed a "Memorandum of Understanding for Joint Research and Development of Eco-Friendly Packaging."

This agreement was established to promote eco-friendly packaging, technology development, business cooperation, and technology exchange activation for the sustainable development of Jeju resources based on eco-friendly green packaging technology, aiming for carbon neutrality in the packaging industry and ESG management.

According to the agreement, both organizations will develop plastic reduction and innovative products using eco-friendly new materials and new technologies. They also agreed to cooperate in discovering joint research and development projects in eco-friendly packaging technology and distribution logistics, utilizing infrastructure such as prototype analysis and evaluation, and mutual development.

Jeju Development Corporation plans to take a leading role in developing eco-friendly packaging to realize sustainable ESG management through the establishment and expansion of JPDC eco-friendly packaging research and development (R&D) by signing this business agreement.

Kim Jeong-hak, President of Jeju Development Corporation, explained, "Cooperation with the Korea Institute of Industrial Technology, which has accumulated know-how through supporting domestic companies' production technology development and commercialization, will strengthen the corporation's eco-friendly packaging R&D capabilities and provide a great opportunity to create innovative results through joint research."

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