Kimhae-si Bio-Life and Medical Device Small Giant Research Zone Full-Scale Development

70.6 Billion Won Invested to Implement Various Policies

[Asia Economy Yeongnam Reporting Headquarters Reporter Son Tae-seok] Gimhae City will invest 7.06 billion KRW this year to actively foster the bio-health and medical device small-scale research and development special zone, which is a future growth engine.

According to the city on the 18th, since the designation of the special zone last August, various policies are being promoted to create a bio-health and medical device industry cluster and leap forward as a hub city for bio-health and medical devices.

The city plans to solve medical industry problems centered on hospitals by establishing the dedicated organization for the special zone, the 'BIG DREAM Wellbio Medicluster' project group, together with core technology institutions such as Inje University.

First, it will support rapid technology commercialization through technology development reflecting hospital needs and manufacturing consignment to local OEM (Original Equipment Manufacturer) subcontracting companies.

In particular, it will assist in pioneering overseas markets for pharmaceuticals and medical devices produced by bio-health companies, together with nationwide hospitals including Paik Hospital.

Additionally, it will address issues in medical device manufacturing through establishing a support platform for local company OEM or business conversion commercialization.

Gimhae City plans to hold the nation's first Bio-Health Science Festival in June to mark the first anniversary of the special zone designation.

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