KIMS and SeAH Changwon partner to advance high-performance permanent magnet technology
August 22, 2024
The Korea Institute of Materials Science (KIMS) signed a business agreement with SeAH Changwon Integrated Special Steel Co, Ltd, to promote technical cooperation in high-performance permanent magnet material technology.
SeAH Changwon Integrated Special Steel is a global company that produces and supplies various high-value-added special steels for industries such as power generation, petrochemicals, semiconductors, nuclear energy, defence industry, and aerospace.
The purpose of the agreement is to recognise the commercialisation of high-performance permanent magnets and to work together to accelerate their commercialisation. The two organisations will cooperate in discovering joint research and development topics through active exchange, focusing on high-performance permanent magnet manufacturing technology.
The two organisations will:
- cooperate in discovering joint research and development topics through active exchange, focusing on high-performance permanent magnet manufacturing technology
- exchange technical data and other related information within the scope of the technology license,
- for the commercialisation of high-characteristic permanent magnets, they jointly discover and promote technology development areas when necessary,
- plan to mutually use research equipment and R&D infrastructure (offices, laboratories, etc.) when necessary
“Due to environmental factors such as Japan’s export restrictions and competition for hegemony between the US and China, self-sufficiency in permanent magnet materials has become an urgent issue,” Dr Chul-jin Choi, the president of KIMS, said. “We promise to do our best to ensure that this business agreement serves as an opportunity for technology-based mutual cooperation, active exchange, and practical material independence.”
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