Korea Institute Of Industrial Technology Testing South Korea Tenders

Korea Institute Of Industrial Technology Testing South Korea tenders and business opportunities. Access latest Korea Institute Of Industrial Technology Testing bids, market research and procurement analysis. Global tenders publishes domestic and international tenders, projects and contract awards for Korea Institute Of Industrial Technology Testing and more than 700 tendering authorities from South Korea.

Korea Institute of Industrial Technology (KITECH) is a South Korean government research institute, established in 1989 to help develop technologies for the domestic industry, with focus on export competitiveness and SMEs.South Korea's then Ministry of Trade, Industry and Energy (MOTIE) established the Korea Academy of Industrial Technology (KAITEC) in 1989 to strengthen the technological base of small and medium enterprises (SMEs).KAITEC was later renamed as the Korea Institute of Industrial Technology (KITECH).KITECH's focus is on the development and management of manufacturing technologies for SMEs.KITECH receives both government and private funding, and distributes most of its research grants to private companies. By the middle of the 1990s, KITECH's annual budget was around US$130 billion, and employed a staff of one thousand in five sub-institutes.The institute conducted materials research into environmentally friendly manufacture of metal alloys, and sold the technology to the private sector for 28.2 billion won

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