On the morning of November 1, 2011, President of RIST of POSCO Choo Wung Yong, Director of the Institute of Advanced Industrial Science and Technology of RIST, Kangwon, Dr. Moon-Chul Kim, Minister of Ministry of Technology of Pohang (China) Investment Co., Ltd. Son Seung Lak and of Executive of Ministry of Technology of Pohang (China) Investment Co., Ltd. Miss Liang Xizi paid a visit to CCMG. Director of CCMG Prof. Pan Fusheng, Deputy Director Prof. Zhang Dingfei, Deputy Director Prof. Ren Long Siyuan, Prof. Wang Jingfeng, Prof. Jiang Bin, Prof. Peng Jian and General Manager of Chongqing Shengmei Magnesium Industry Co., Ltd. Mr. Cao Jianyong met guests in the conference room of CCMG. The two sides introduced the main status of their respective units and special R&D and industrialization of magnesium alloy and exchanged the status and development trends of magnesium alloy technology and industrialization and discussed how to use the advantages of both sides to carry out the cooperation of magnesium alloy technology and industrialization. President of RIST Mr. Choo Wung Yong and Director of CCMG Prof. Pan Fusheng represented the RIST and CCMG respectively signed a cooperation agreement and exchanged gifts. After the meeting, guests visited the productions exhibition room of CCMG and Chongqing Boao Magnesium Co., Ltd..