Oct 15, 2015 | By Kira

The Korea Institute for the Advancement of Technology (KIAT) and the Virginia-based Commonwealth Center for Advanced Manufacturing (CCCAM) today announced an joint agreement to create a 3 million dollar fund to bolster collaborative high-tech research and development in advanced manufacturing and technologies, including 3D printing and the Internet of Things (IoT). The agreement was signed yesterday, 14 October, during a visit from South Korean President Park Geun-hye to President Obama in Washington. During her visit, President Geun-hye called for greater bi-lateral cooperation in engineering and R&D as Seoul seeks to open a new era in manufacturing.

The fund, valued at roughly three billion Korean Won, will provide up to USD$1 million per year for a period of three to five years, will invest in short-to-medium term projects in advanced manufacturing and 3D printing, though no specific projects have been announced as yet. “I hope that the strengthening of cooperation between the two countries in the manufacturing of high technologies will permit Korean companies to explore new ground,” said the director of KIAT, Chung Jae-hoon.

The Commonwealth Center for Advanced Manufacturing (CCAM) is an applied research center in Virginia that bridge the gap between the kind of research performed at universities and the product development that takes place in companies. Their members include high-profile global companies, many of which have recently made strong ties to the 3D printing industry, including Canon, aeronautics leader Airbus, NASA, Siemens, EOS and many others. The only collaboration of its kind in North America, CCAM accelerates the transition of research innovation from the laboratory to commercial use.

KIAT is a South Korean public institute founded for the purposes of Industrial Technology Innovation and Promotion, conducting various activities to promote technological policy, infrastructure, and commercialization. During their visit to Washington, KIAT also organized a networking event for Korean engineers stationed in the U.S., and signed an agreement with George Washington University for the transfer of industrial and management technologies from South Korea to Latin America.

With this strengthened relationship between South Korea and the USA, two of the most prominent countries in technological innovation and advancement, there are sure to be some very high profile projects underway.

 

 

Posted in 3D Printing Applications

 

 

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Mandril wrote at 10/19/2015 8:52:15 PM:

I don't understand this fixation/obsession of Koreans with the States...



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