Inha University, GE will work together on aviation R&D

Industry

Inha University, GE will work together on aviation R&D

Inha University, a school owned by the nation’s eighth-largest conglomerate, Hanjin Group, signed a Memorandum of Understanding (MOU) with General Electric to cooperate in R&D efforts involving aviation and energy.

Hanjin Group said the MOU was signed on Monday in Seoul between Chairman Cho Yang-ho and GE Chairman Jeff Immelt. Under the agreement, GE will contribute $2 million for the R&D fund that will also be used to establish the GE-Inha Innovation Center.

Chris Drewer, general manager of Asia-Pacific sales for GE Aviation, said the new center will support students with fostering creative ideas and that the company will focus on working with Korean Air Lines and Inha University to boost Korea’s aviation business.