Yeongcheon City Transfers Patent for "Calcium Chloride Solution Manufacturing Device" to Private Sector, Secures Down Payment and Royalties

Signed Non-Exclusive License Agreement with Jaeyoung Industrial
Commercialization of Technology Expected to Generate Non-Tax Revenues

On December 9, Yeongcheon City announced that it had signed a non-exclusive license agreement with Jaeyoung Industrial, a company based in Cheonan, Chungcheongnam-do, for the "Calcium Chloride Solution Manufacturing Device." The city stated that it will now actively promote the transfer and commercialization of public technologies owned by the local government to the private sector.

This technology is a proprietary patent developed directly by Yeongcheon City employees to address issues encountered in the field. It is a device that improves the efficiency of manufacturing brine for de-icing purposes.

On the 9th, Yeongcheon City and Jaeyoung Industrial signed a non-exclusive license agreement for the "Calcium Chloride Solution Manufacturing Device." Photo by Yeongcheon City

The technology is particularly significant as its practicality has been proven through nine years of field testing.

Through this agreement, Yeongcheon City will secure a down payment of 20 million won and royalties equivalent to 8% of annual sales. The commercialization of this technology is expected to generate stable non-tax revenues for the city.

The city plans to install equipment utilizing this patented technology at the snow removal equipment base in Hwabuk-myeon, conducting both prototype demonstration and data collection. Construction is scheduled to begin in March 2026, with a total project cost of approximately 500 million won.

Yeongcheon City intends to use this agreement as an opportunity to strengthen its capabilities in public technology commercialization and to expand new models for generating non-tax revenues based on technology.

A city official commented, "It is rare for patents held by local governments to be commercialized by private companies. It is very meaningful that technology developed directly by Yeongcheon City officials in the field can now be spread nationwide through a private company."

The official added, "Public institutions develop technologies for citizen safety, while the private sector spreads and commercializes them nationwide, creating jobs and economic value. We hope this agreement serves as a true model of cooperation between government and the private sector, and becomes an innovative case for enhancing winter safety."

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