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Korea signed MOU with Global firms to develope parts and materials

logo_Ministry-of-Knowledge-EconomyAccording to the Ministry of Knowledge Economy, the South Korean goverment signed MOUs with 2 American global companies (Applied Materials, Caterpillar Inc) in order to increase their use of South Korean products. Under the two MOUs, South Korean firms are expected to be able to supply some 1 trillion won (US$871 million) worth of products to the two global companies by 2015, the ministry said.

Source: Yonhap