Hanyang University (HYU) has become the first domestic university to own a technical holding company. The Ministry of Education and Science permitted the approval for HYU holdings on July 24. The establishment of a holding company means that university owns the copyrights to techniques produced under the name of HYU.
This policy provokes utilization of unused techniques. And by using techniques directly, one can find financial improvements of net asset. The whole assets of HYU holdings is estimated to be 3.5 billion won. And HYU recorded the very best among universities to transfer techniques to society. With these backgrounds, HYU holdings formed two main sister companies which invented ways of eliminating noise in the science education programs. Both company's techniques are admitted that it has a financial value of over 10 billion won.
HYU holdings official, Lee Sung-kyun, announced that they are willing to make profit of 80 billion won per year for three years after the establishment. And also, HYU is preparing create more sister companies who have techniques like plastic high molecule membrane technique and optimization of compressing computer video files. And HYU holdings plans to establish three sister companies every year to meet its financial purpose of selling 200 billion won per year and a margin of 2.5 million won in 2012.