Korean tech institute signs MoU with Swiss companies

The Korea Institute for the Advancement of Technology has reached a memorandum of understanding with two Swiss companies, Maxon Motor and Buhler, to jointly hire and train 20 Korean vocational high school students.

After graduation, the 20 students will spend their first year at the companies’ Korean branches and the next two years at their headquarters in Switzerland.

The MoU is a follow-up measure to President Park Geun-hye’s visit to Switzerland in March. It is a part of a comprehensive agreement between Korea and Switzerland that was made during Park’s visit to cooperate in producing skilled workers in biotechnology and precision machinery.

Maxon Motor is a manufacturer of motors for different products from aircraft to cars and robots, while Buhler is a food production machinery manufacturer.

The institute is said to be working on signing MoUs with other Swiss-based tech companies by the end of the year.