KCNC Develops Localized CNC System, Eyes Commercialization in 2026
MT Newswires Live
Jun 19
South Korean computerized numerical control (CNC) control system developer KCNC Corporation developed a localized CNC system, which will secure domestic supply chains for high-precision machinery, the Ministry of Trade, Industry and Energy said in a Wednesday release.
South Korea, which previously relied on imports for 95% of CNC systems, now aims for 30% localization by 2032, potentially generating 200 billion won in economic gains, the report said.
KCNC's system has been backed by a government-led consortium since 2019. Key buyers have signaled their intention to purchase, with full commercialization slated for 2026, it said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.