Venture Business Association, Recruiting Companies Wishing for Technical Cooperation with Hyundai Engineering Partners

For Venture Companies Possessing Core Technologies in Construction and Engineering

[Asia Economy Reporter Kim Cheol-hyun] The Korea Venture Business Association (Chairman Kang Sam-gwon) announced on the 3rd that it is recruiting venture companies wishing to collaborate technologically with Hyundai Engineering's partner companies.

Selected venture companies will have the opportunity to discuss collaboration with Hyundai Engineering's partner companies and propose collaboration models utilizing the technologies, products, and services they possess.

Hyundai Engineering's partner companies will review collaboration methods such as joint development, direct investment, and outsourcing based on the proposals from venture companies, and Hyundai Engineering plans to consider registering venture companies that achieve excellent collaboration results as partner companies.

The target participants for the project are venture companies possessing core technologies in 11 fields of construction and engineering. The association plans to manage the entire process from application to briefing sessions and will provide a confidentiality agreement form reviewed by legal counsel to protect the intellectual property rights and ideas of venture companies.

Jang Gu-seong, Team Leader of the Member Services Team at the Korea Venture Business Association, said, "We hope that through this project, more advanced forms of smart construction technology can be integrated into construction sites."