Fugro has opened a new office in Incheon, South Korea, as part of a joint venture with UST21, a South Korean marine technology company.
The new office will provide Geo-data solutions for South Korea’s growing offshore renewable energy sector, which Fugro has been supporting in collaboration with UST21 since 2019.
The creation of Fugro UST21 establishes Fugro’s first permanent presence in the country.
Fugro’s regional sales & marketing director for APAC Jerry Paisley said: “We have already been working closely with UST21 for several years but this new office allows us to better support our valued South Korean clients and meet their growing offshore needs as part of the green energy transition.
“South Korea is the world’s eighth largest power consumer, while the offshore wind farm market predicts around 14GW of fixed-bottom and floating projects to come online by 2030, so our new office is perfectly timed to capture these opportunities and unlock Geo-data insights for South Korea’s offshore windfarm developments.
UST21 chief executive Jongwook Kim added: “We established UST21 in 1999, having recognised the importance of marine surveys for offshore construction around the South Korean peninsula.
“Opening the Fugro UST21 office combines our ocean data experience of over 20 years with Fugro’s advanced technology to offer unparalleled Geo-data solutions to help build and maintain South Korea’s future offshore windfarms, while also contributing to the blue economy.”