On August 11, UNIST signed a Memorandum of Understanding (MoU) with Korea Institute of Machinery & Materials (KIMM) to pledge mutual support for one another in the pursuit of excellence in Hyperloop-related R&D.
UNIST President Mooyoung Jung signed the MoU, while attending the 2016 US-Korea Conference on Science, Technology, and Entrepreneurship (UKC), held at Hyatt Regency DFW Airport Hotel, Dallas, TX, United States.
In the memorandum of understanding, the two institutes agreed to develop Hyperloop-related fundamental technologies, all in the hopes of enhancing South Korea’s Hyperloop research capabilities.
President Jung states, “This agreement will drive significant progress in Hyperloop R&D.” He adds, “By developing Hyperloop-related fundamental technologies, UNIST hopes to pursue leading positions in Hyperloop technology at the global level.”
The 2016 UKC was a four-day conference, co-organized by the Korean-American Scientists and Engineers Association (KSEA) and The Korean Federation of Science and Technology Societies (KOFST) between August 10 and August 13, 2016. The purpose of this event is to promote networking among participants to allow scientific collaboration between the two countries, as well as to provide young scientists and engineers with an opportunity to learn about and explore their career opportunities.