CEO Shin Hak-cheol of LG Chem and President Chung Jin-taek of Korea University signed the MOU on “Joint R&D of eco-friendly materials” at Korea University’s main building in Seongbuk-gu, Seoul, LG Chem said on Feb. 17.
Through the MOU, both sides plan on promoting joint research on bio-degradable plastic materials, high-efficiency waste plastic recycling process and next-generation mattery materials.
In particular, the research will focus on securing eco-friendly source technologies such as plastic materials capable of natural decomposition in the ocean by using natural materials.
To do so, both sides will establish “LG Chem-Korea University Eco-Friendly Materials Industry-Academic Cooperation Center” under College of Engineering, Korea University. Along with R&D exchange sessions and mutual advisory activities, they will further promote a customized training support programs to nurture talents such as selecting industry-academic scholars.
President Chung of Korea University, mentioned, “It sure is a meaningful day to sign the MOU on our research collaboration and appointing LG Chem as KU Crimson Company, a family company of our university,” and added “Through the establishment of our industry-academic cooperation center, I look forward to continuing progressive exchanges between the two entities and hope the center will serve as an opportunity for mutual development.”
CEO Shin of LG Chem said, “It is ever more meaningful that a company and an academic institution joined their hands in eco-friendly technology development for our society’s better future,” and added “LG Chem will spare no efforts in supporting eco-friendly materials research and training talents to develop a sustainable technology that innovates our customers’ lives.”