Igus Industry Selected as Support Target for Ministry of Trade, Industry and Energy's Materials and Components Technology Development Program

[Asia Economy Reporter Geum Boryeong] Igusanup Co., Ltd. announced on the 1st that it has been selected as a support target for the Ministry of Trade, Industry and Energy's Materials and Components Technology Development (Development of high-strength, high-conductivity copper alloy materials for 1000V-compatible electric vehicle terminals).

The total project scale is approximately 2.3 billion KRW (1.4 billion KRW government subsidy, 900 million KRW private contribution), and the development period is until January 31, 2023.