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Posted : 2012-02-22 11:35
Updated : 2012-02-22 11:35

Korea, Boeing to jointly develop materials for aircraft

Korea and Boeing, the world's largest aircraft manufacturer, agreed Wednesday to jointly develop new materials and systems for aircraft, the Seoul government said.

Under a memorandum of understanding (MOU) signed between the country's Ministry of Knowledge Economy and Boeing Research and Technology (BR&T), the U.S.-based aircraft manufacturer will launch joint development programs with various Korean institutes and aerospace companies.

As part of this endeavor, BR&T and the Korea Institute of Industrial Technology will launch a joint project to make high-performance materials for aircraft, using eco-aluminum and eco-magnesium, which were indigenously developed by South Korea in 2009, according to the ministry.

BR&T will also launch a joint project with the Korea Institute of Materials Science to develop titanium and other new, compound materials for aircraft, along with a separate project with the country's Inha University to develop a new health monitoring system.

Boeing has, in addition, agreed to establish supply chains for South Korean products following their successful development, the ministry said.

"The MOU marks a great achievement by South Korean companies as it means their technology has been recognized by the leader in the global aerospace industry," it said in a press release.

"It will also offer a chance for South Korean companies to more actively seek to expand their global market share as Boeing has agreed to expand its use of South Korean products if they are found to meet the company's standards." (Yonhap)

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