Korean companies, think tanks and universities will team up with Boeing to jointly develop advanced materials and parts for aircraft as part of a government program to boost their competitiveness in the global market.
The Ministry of Knowledge Economy said it signed an agreement with the world’s largest aerospace company on Wednesday to crank up technological collaboration. Five research institutes and eight firms in Korea will take part in the project.
Among the participants, the Korea Institute of Industrial Technology will carry out research with Boeing to craft aircraft applications using new materials it developed, such as eco-magnesium and eco-aluminum.
For full article see: Korea Herald.