Gyeongbuk Province Signs 300 Billion KRW MOU for Medical and Health Infrastructure in Pohang Pentacity

HanmiScience to Establish Bio Cluster in Pohang Convergence Technology Industrial Complex

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Gyeongsangbuk-do signed a memorandum of understanding (MOU) for business cooperation worth 300 billion KRW to establish medical and healthcare infrastructure with Hanmi Science Co., Ltd., Pohang City, and Daegu-Gyeongbuk Free Economic Zone Authority at Pohang City Hall on the 15th.

The signing ceremony held in the main conference room of Pohang City Hall was attended by 30 people, including Governor Lee Cheol-woo of Gyeongsangbuk-do, Mayor Lee Kang-deok of Pohang, CEO Lim Jong-yoon of Hanmi Science Co., Ltd., Acting Director Kim Jin-hyun of Daegu-Gyeongbuk Free Economic Zone Authority, and An Seong-il, Head of the Industrial and Trade Resources Department of the Ministry of Trade, Industry and Energy.

Through this agreement, Hanmi Science plans to invest 300 billion KRW by 2030 to build a smart healthcare clinical center, bio open innovation R&D center, and prototype production facilities on 51,846㎡ of the Pohang Convergence Technology Industrial Complex.

This agreement is the result of a mutual business agreement signed last November between Hanmi Science, Gyeongbuk Province, Pohang City, and POSTECH to enhance K-Bio competitiveness. Since this agreement, Hanmi Science has been actively conducting research on cell membrane protein structures and new drug development based on target protein structures using synchrotron radiation accelerator and cryo-electron microscopy.

Lim Jong-yoon, CEO of Hanmi Science, stated, "R&D efforts in the medical and industrial sectors have been inefficient due to lack of connection. We will contribute to leading the global medical industry and promoting healthy lives by creating an efficient bio-cluster where medical services, R&D, and manufacturing coexist."

Lee Cheol-woo, Governor of Gyeongbuk Province, said, "Despite difficult economic conditions, we appreciate the bold investment decision in the Pohang Convergence Technology Industrial Complex. We will strive to ensure that the bio-cluster integrating research, clinical trials, and commercialization is established early through Hanmi Science’s active investment."

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