Steel Association Hosts 'Stainless Future Leading Innovation Idea Contest'

The Korea Iron & Steel Association Stainless Steel Club announced on the 26th that it is conducting the "Future Leading Innovation Idea Contest" jointly with the Korea Federation of SMEs to create new demand for stainless steel until the 10th of next month. Photo by Korea Iron & Steel Association

[Asia Economy Reporter Donghoon Jeong] The Korea Iron & Steel Association Stainless Steel Club announced on the 26th that it is conducting the 'Future-Leading Innovation Idea Discovery Contest' jointly with the Korea Federation of SMEs until the 10th of next month to create new demand for stainless steel.

This contest targets innovative products and technology-related ideas applicable to stainless steel materials in future-leading fields such as carbon reduction, hydrogen, electric vehicles, and renewable energy.

Companies selected through the contest will receive prize money and customized support from the sponsor POSCO to improve technical issues.

Applications for the contest can be submitted by registering the application form and related documents on the Korea Federation of SMEs website.

Huh Daeyoung, Head of Industrial Support at the Korea Iron & Steel Association, stated, "We hope this contest will provide an opportunity for SMEs facing technical difficulties to enter future-leading industries," and added, "We encourage active participation from many SMEs to build a foundation for mutual growth."