Friday, February 08, 2008

[The Chosun Ilbo, January 11 2008] SNU Sells Nano-Particle Technology for Record Price

A university has earned a record-high price for the sale of a technology to a private company. Seoul National University said Thursday that it will transfer a technology for mass-producing uniform nano-particles to Hanwha Chemical Corporation for W4.3 billion (US$1=W938).

The process was developed by Prof. Hyeon Taeg-hwan of the SNU's School of Chemical Engineering and Institute of Chemical Processes

The university's Industry Foundation said that the sale is the highest ever between a college and a company. Last year all of Korea's universities together earned around W10 billion from selling technologies.

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