On July 15th, Keimyung University concluded a contract of academic-cooperation convention with local-automobile company of parts. in the main meeting room of main administration building on the Seongseo campus for development of the local automotive industry. KMU President Synn Il-hi and Kdac CEO Kim Yung-jong attended the event. Kdac contributed 50,000,000 won to Keimyung University for a university development fund. Through this convention, the two institutions will collaborate closely to increase and improve the professional workforce by helping students get field training experience and find jobs. Kdac Ltd, which is headquartered in Daegu Dalseong-gun, is an auto parts company that separated from Daewoo Automobile Parts Ltd. The Daewoo group is affiliated with the American company GM, which is a major company with about 754 billion won in total assets(in Korea), 100 billion won paid-in capital, one trillion two hundred forty nine billion, four hundred million won sales, and 2,200 employees in 2013.