| KETI Signs MOU for Business Cooperation with IAP
| IAP, Fraunhofer Institute for Applied Polymers
| Joint development of materials and device technologies in the display field

KETI aims to strengthen the competitiveness of domestic display technology through cooperation with Germany's leading applied polymer research institute.

On the 5th (local time), the Korea Electronics Technology Institute (KETI) signed a Memorandum of Understanding (MOU) for business cooperation with the Fraunhofer IAP Institute for Quantum Dot Display technology development at the conference room of the Fraunhofer IAP Institute in Potsdam, Germany.

The Fraunhofer Institute for Applied Polymer Research (IAP) is the applied polymer research institute of Fraunhofer, a leading research institution in the field of applied technology in Europe and Germany.

IAP operates seven research divisions, including biopolymers, functional polymer systems, synthetic polymer technology, polymers for life sciences and bioprocesses, and nano-application technology. It also provides corporate support services such as process development and optimization, testing and analysis, and consulting, and is actively collaborating with private companies.

KETI and IAP have been cooperating since 2009 to develop materials and device technologies in the display field through joint technology development and the dispatch of research personnel. Through joint research on core materials and device implementation process technologies, it is also contributing to securing the competitiveness of domestic companies in the display industry.

Through this MOU with IAP, KETI will establish cooperation committees in the fields of display and micro LED materials, quantum dot information devices, medical imaging technology, and materials and future convergence technology. In addition, they have decided to pursue the joint hosting of seminars and conferences, the promotion of joint research and knowledge exchange, and the exchange of academic information.

Through a technology cooperation workshop held at the IAP Institute as part of the MOU, KETI discussed the detailed technical content of the joint research being pursued with IAP and mutual cooperation plans.

KETI President Kim Young-sam stated, “The display industry, along with mobile phones and semiconductors, has driven Korea’s industrial development and economic growth, but it has faced a crisis across materials and components due to the pursuit of competitors such as China and issues like Japan’s export restrictions,” adding, “I hope this MOU will contribute to securing global competitiveness for materials and components related to our display industry.”