Korea Textile Inspection and Testing Institute (KOTITI) signed a memorandum of understanding with Eland world Co., Ltd. on joint R&D. It aims at improvement in quality of textile products and differentiating high value technology and so on. Under the agreement, they will exchange research staffs and share research performance. This MOU is the important cooperation between nation’s largest textile company-Eland World Co., Ltd. and textile research and development institute-KOTITI. Eland World Co., Ltd. has Asian-top network. KOTITI has more than 30 intellectual property rights on textile materials and process. Also it is leading commercialization of new technology. If both firms can combine new technologies developed by KOTITI and market network Eland World had, develop new products and attain consumer’s interest, it will lead Korea textile industry revival. In cooperation with E-land, it is a good opportunity to strengthen mutual businesses, creating the foundation for commercializing the original technology. It means the research institute develops original technology to commercial technology in the market, and companies produce and sell the new products. And lastly the company and research institute will build Win-Win relationship. Meanwhile, KOTITI signed a memorandum of understanding with Vietnam textile conglomerate-Thanh Cong Group. By establishing a new cooperation relationship with global textile company, KOTITI is expected to be able to take the lead in the overseas markets using new technology.