FUST Lab.

FUST Lab has been selected as the final participant in the open innovation program jointly conducted by the Hyundai Corporation and the Seoul CCEI

Established in 1976 as Hyundai Group's trading company, Hyundai Merchant Corporation, Hyundai Corporation has evolved into a global comprehensive business partner. Hyundai Corporation has been leveraging its global business network and information capabilities, which span over 40 overseas branches and subsidiaries. Hyundai Corporation has connected customers and suppliers through trading for 48 years while identifying and nurturing new business opportunities. Through this program, Hyundai Corporation sought innovative partners to expand globally.

FUST Lab was finalized after a rigorous selection process, which included a first-round document review, a second-round evaluation by field experts, and a third-round executive review. The company plans to collaborate with Hyundai Corporation to support the entry of its DEBREX equipment into Germany and the broader European market.