Invention Award
Korea Expressway Corporation announced that it has received a “presidential citation for invention promotion,” the top award in the group sector, at the 51st Day of Invention held at COEX Auditorium on May 19.
The state-run company was awarded the prize as it was credited with leading the development of road technologies by winning numerous awards at road traffic invention contests at home and abroad and contributing to the improvement of the national competitiveness by opening its patents and lowering licensing fees.
Korea Expressway Corp. won a silver prize with “Structure 3D Diagnosis Robot” named Argos at Germany International Invention fair last year. It received 10 awards at invention contests at home and abroad in the past five years.
The company is investing more than 50 billion won (US$41.96 million) of its budgets in the development of road and traffic technologies, and is also making an effort to efficiently manage its patents by running its special patent management team.