en.Wedoany.com Reported - On June 10, Hyundai Engineering announced the signing of a commercial agreement with the Korea Institute of Fusion Energy (KFE) to jointly develop core technologies for an innovative Korean-style fusion reactor, accelerate the realization of fusion energy, and collaborate on research and development for future fusion energy production facilities.
Under the agreement, the two parties plan to combine Hyundai Engineering's capabilities in design, construction, and licensing with KFE's core fusion technologies to accelerate the development of a uniquely Korean innovative fusion reactor, while jointly addressing global competition in fusion technology to secure technological and industrial competitiveness at the earliest possible date.
Nuclear fusion is a technology that generates energy based on the same principle as the sun, and is regarded as a future energy source due to its near-zero carbon emissions and virtually unlimited fuel. However, the field still needs to overcome technical challenges such as the long-term stable operation of ultra-high-temperature plasma, the durability of core materials, and the establishment of a safety regulatory framework.
KFE is a government-funded research institute under the Ministry of Science and ICT of South Korea and the country's only fusion research institution. It is currently conducting core research on fusion energy technology using ultra-high-temperature plasma and participating in the International Thermonuclear Experimental Reactor (ITER) project, which is jointly advanced by seven member countries, including South Korea.
Hyundai Engineering stated that the key to realizing future fusion energy production facilities lies in accumulating technology from the initial stages, and the company will lay the foundation for securing global competitiveness, accelerating the establishment of a domestic technology ecosystem, and commercializing the fusion sector.
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