AkzoNobel Group Comprehensive Technology Institute to Be Established in Songdo, Incheon by 2022... Becoming a Hub for Future Technology Research

Incheon Free Economic Zone Authority and Aekyung Sign Land Sale Contract on the 21st

Aegyeong Group's Comprehensive Technology Institute (tentative name) will be built by 2022 on a 28,722㎡ site in the Songdo Advanced Industrial Cluster (B). [Provided by Incheon Free Economic Zone Authority]

[Asia Economy Reporter Park Hyesook] A comprehensive technology institute (tentative name) of the Aekyung Group, which will research future technologies, will be established in Songdo International City within the Incheon Free Economic Zone.

The Incheon Free Economic Zone Authority announced on the 21st that it signed a land sale contract for the construction of the Aekyung Group Comprehensive Technology Institute, attended by Incheon Mayor Park Namchun, Incheon Free Economic Zone Authority Chief Lee Wonjae, AK Holdings CEO Ahn Jaeseok, Aekyung Chemical CEO Lim Jaeyoung, and Aekyung Industrial CEO Lee Yoonkyu.

The Aekyung Comprehensive Technology Institute will be built on a 28,722㎡ site within the Songdo Advanced Industrial Cluster (B), with a scale to accommodate about 400 researchers. Construction is scheduled to begin next year and be completed in the second half of 2022.

As part of management innovation, Aekyung plans to establish the comprehensive technology institute in Songdo and create a new organization dedicated to research on basic, fundamental, and future technologies. Through this, they will actively promote advanced material development, securing proprietary technologies, eco-friendly and bio research, and accelerate new product development.

Additionally, by deploying 400 research and development personnel and expanding facilities, they plan to proactively respond to EHS (Environment, Health, and Safety) and elevate the center to a world-class research facility.

Mayor Park Namchun stated, "The attraction of the Aekyung Group Comprehensive Technology Institute will be an opportunity to elevate Songdo's status as a mecca for cutting-edge future technology research," and added, "We will spare no administrative support to ensure Aekyung Group's sustainable growth in Songdo."

Ahn Jaeseok, CEO of AK Holdings, the holding company of Aekyung Group, said, "Through the establishment of the comprehensive technology institute, we plan to secure excellent talent and activate industry-academia-research networks to establish it as a landmark in the region," and added, "We will create an opportunity for a quantum leap in the group's core businesses of chemicals, household goods, and cosmetics."

This content was produced with the assistance of AI translation services.