Australian-based Eden has already begun selling the carbon-nanotube enriched, liquid concrete admixture in the US.
"As an initial step in this feasibility assessment, Eden and KCI met in Seoul last week with the Korean government testing authority, and provided a detailed presentation about EdenCrete, which was positively received," Eden said.
It is now expected that testing of the product will start, and could take up to six months to complete.
Eden said an initial meeting was also held at which EdenCrete was presented to the Korean government-owned corporation that constructs, maintains and operates a double expressway network in Korea.
KCI is an infrastructure and construction firm for a broad range of infrastructure and construction projects, including for roads, bridges, railways, ports, airports, water supply and sewerage.
The relevance and size of the Asia-Pacific market was detailed in a 2015 report on the global spending on transport infrastructure around the world between 2015 and 2025, published by PricewaterhouseCoopers in which the cumulative global expenditure in trillions of dollars, by regions, was estimated (see the graph with this report).
EdenCrete's primary target market is to improve the performance of concrete used in the construction and maintenance of concrete roads, bridges and other infrastructure.