[Source]

✅ YouTube Channel: MBN News

✅ Published: August 16, 2019

✅ Source Link: https://www.youtube.com/watch?v=6Ei6TQCZe3U  

【 Anchor's Commentary 】 This is a special MBN feature introducing a domestic company that achieved 'technological independence' from Japan, reflecting on the significance and importance of such independence. Reporter Seo Young-soo visited a small domestic company that succeeded in the world’s first mass production of titanium, often referred to as the 'dream material.' 【 Reporter 】 Titanium, used in making Iron Man suits, is twice as strong as steel, doesn’t rust, and weighs half as much, earning its reputation as a 'dream material.' Although its applications in aerospace and advanced medical fields are limitless, processing technology has been difficult, with companies in Japan and the U.S. monopolizing the production technology. However, a small domestic company succeeded in developing the world’s first mass production technology for titanium parts seven years ago and is now targeting the global market. ▶ Standup: Seo Young-soo / Reporter "The key technology here is not processing titanium directly from raw materials but rather turning titanium into powder for manufacturing." By pressing titanium powder into molds, they achieved mass production, increasing productivity by 100 times. ▶ Interview: Park Ji-hwan / Vice President of a Titanium Company "Without domestic production, we would inevitably be dependent on Japan. By using powder technology, we can mass-produce parts…." However, due to the nature of the materials industry, the company initially struggled to find buyers despite having cutting-edge technology. ▶ Interview: Park Ji-hwan / Vice President of a Titanium Company "Even with technology, it takes much longer to find customers in the materials industry compared to other industries." Experts point out that for the localization of materials to succeed, large companies must provide active support, and the government must create policies tailored to the materials industry. MBN News, Seo Young-soo reporting. Video Coverage: Kim Hyun-seok Video Editing: Lee Woo-joo