Boeing has signed an
agreement with Korean industry to expand joint research and
development activities and further develop critical aviation
technologies.
Boeing, the Korea Evaluation Institute of
Industrial Technology (KEIT), and the Korea Institute for
Advancement of Technology (KIAT), will collaborate on advanced
production systems for commercial aircraft manufacturing, urban
air mobility, aerospace semiconductors and cultivating industry
talent in Korea.
Eric John, Boeing Korea President, Chun Yoon-jong,
KEIT President and Min Byung-joo, KIAT President, signed
the MOU during Korean President Yoon Seok
Yeol’s recent visit to the United States.
KEIT will identify Korean companies with
potential for participation, while KIAT will focus on defining
areas for research, development and commercialization of advanced
components for airplanes.
“We will continue to support the
advancement of Korea’s rapidly growing aerospace sector by
leveraging Boeing’s global aerospace expertise and Korea’s
cutting-edge technologies,” said Eric John. “We also expect this to benefit the country’s aerospace
supply chain.”
Boeing continues to increase its
presence and pursue opportunities to partner and advance aerospace
technologies with Korea, spending more than $4 billion with over
50 Korean suppliers over the past 15 years.
In 2019, Boeing opened
the Boeing Korea Engineering & Technology Center, where it has
been conducting strategic research on future technologies,
including autonomous flight, artificial intelligence, avionics,
embedded software, Linux, mobility platform, smart cabin and smart
factory.
