Hyundai Engineering & Construction said on the 13th it will work with the Korea Railroad Research Institute (KRRI) to develop future transportation and logistics infrastructure technologies, including three-dimensional rail development, underground logistics, and hyper-tube systems.
On the 10th, Hyundai Engineering & Construction signed a memorandum of understanding at the Korea Railroad Research Institute (KRRI) to build a mutual cooperation system for advancing rail construction technology and upgrading the industry.
Kim Jae-young, head of the HMG Construction Technology Research Institute, and Sagong Myeong, head of the Korea Railroad Research Institute (KRRI), along with officials from both organizations, attended the signing.
The two organizations agreed to expand joint research in rail construction and infrastructure and to share research facilities and equipment. They also plan to cooperate on technology verification and demonstration, research and business consulting, education and seminars, and policy exchanges.
Key areas of cooperation include three-dimensional development around rail tracks and underground logistics transport technologies for rail. The two organizations will share technology trends and review the potential for applying them to projects.
They will also continue research linked to the ongoing joint project to develop core near-vacuum technologies for ultra-high-speed hyper-tube systems. Through this, they plan to promote demonstration and commercialization of future transportation infrastructure technologies.
A Hyundai Engineering & Construction official said, "This agreement will serve as an opportunity to strengthen research and development cooperation to secure future growth engines in the rail sector," adding, "We will secure core technologies for future rail infrastructure based on our engineering capabilities and field execution experience."
An official at the Korea Railroad Research Institute (KRRI) said, "Rail infrastructure requires technological advancement that considers not only safety, constructability, and maintainability but also connectivity with future urban spaces," adding, "We will expand research cooperation with industry to contribute to the practical use of core technologies and to strengthening the competitiveness of rail technology."