BUSAN, South Korea--(뉴스와이어)--Chokwang Paint (CEO Yang Sung-ah) announced that it has signed a Memorandum of Understanding (MOU) with KOMSCO (CEO Sung Chang-hoon) to foster joint development of advanced industrial coating compositions. The signing ceremony took place at KOMSCO’s Technology Research Institute in Yuseong-gu, Daejeon, on August 21.

The MOU aims to pursue joint research that integrates KOMSCO’s proprietary photonic crystal technology with Chokwang Paint’s specialized application expertise. The ceremony was attended by senior executives, including Lee No-el, Managing Director of Chokwang Paint, and Lee Jong-sun, KOMSCO’s CTO (Chief Technology Officer).

KOMSCO’s photonic crystal technology is an advanced optical technology that manipulates nanoparticle structures to control light, enabling structural coloration without the use of pigments or dyes. Under the agreement, they will actively collaborate on the development and advancement of thermal and photocurable structural color compositions, research into eco-friendly colorant applications, and the pursuit of new business opportunities leveraging existing technologies.

Lee No-el, Managing Director of Chokwang Paint, said, “Over the past three years, the two companies have made meaningful progress through joint R&D efforts, beginning with special inks for security printing. As we expand into the chemical materials market, our collaboration with KOMSCO serves as a model of how strategic partnerships can deliver tangible results. This will represent an important opportunity to strengthen cooperation, drive mutual growth, and create shared value.”

Lee Jong-sun, KOMSCO’s CTO (Chief Technology Officer), added, “We hope that expanded cooperation in anti-counterfeiting R&D will become a new growth driver for next-generation anti-counterfeiting technologies.”

Chokwang Paint, a leading paint manufacturer in South Korea, is expanding its business portfolio through new product development and technological innovation, with a focus on high-value-added sectors, such as rechargeable battery materials, IT, and advanced materials.

About Chokwang Paint

Founded in 1947, Chokwang Paint is a comprehensive fine chemical company that develops and manufactures a wide range of chemical products for construction, industry, and heavy-duty applications. Guided by its management philosophy of “providing products and services for people and the environment with the world’s best chemical technology,” the company aspires to “invent chemical technologies that advance humanity.” Chokwang Paint operates its headquarters, research center, and production facilities in Sasang-gu, Busan, along with a second factory, research center, and paint training center in Eumseong-gun, Chungcheongbuk-do. In March 2018, it established the Chokwang INNO Center in Gunpo, Gyeonggi-do, a state-of-the-art R&D hub that also houses a research center, sales office, and warehouse. The company maintains sales offices in six cities across Korea and in China. Its affiliates include Chokwang VINA in Vietnam, Chokwang Jotun, a marine coatings specialist, and CK-EM Solution, a company focused on electrical and electronic materials.