Cosmax Group Partners with Jecheon City and Semyung University to Establish Regional Win-Win Development Model

Lee Kyung-soo, Chairman of Cosmax Group (center), Kwon Dong-hyun, Acting President of Semyung University (left), and Lee Sang-cheon, Mayor of Jecheon, are taking a commemorative photo at the industry-academia cooperation agreement ceremony held at the main building of Semyung University on the 23rd.

[Asia Economy Reporter Seungjin Lee] Cosmax Group has joined hands with Jecheon City and Semyung University to revitalize the local economy and create jobs.

Cosmax Group announced on the 24th that it signed an industry-academia-government cooperation agreement (MOU) for regional development with Jecheon City and Semyung University at the main conference room of Semyung University. This agreement was established to promote mutual growth between the local community, corporate growth, and university development through cooperation among companies, universities, and local governments.

Through this business agreement, Cosmax Group will support the establishment of a university-affiliated company at Semyung University and the installation of a manufacturing plant, as well as share know-how related to product production. They also plan to participate in the development of the university company's own brand and joint research on natural materials.

Semyung University intends to provide students with practical training opportunities through the establishment of the university company and operation of a shopping mall, contributing to job creation within the Jecheon area. Additionally, the university will cultivate natural resources producible in Jecheon and engage in the development of new materials utilizing these resources to promote regional mutual growth and enhance research and development competitiveness.

To this end, Jecheon City will support ▲ administrative assistance for the establishment of the university company ▲ connection of cultivation projects with farming groups and organizations ▲ linkage to government projects necessary for material development research.

Lee Kyung-soo, Chairman of Cosmax Group, said, “Through this agreement, we hope to establish a virtuous cycle where companies and universities grow together and the local economy is revitalized. This will be the most exemplary successful case among the industry-academia-government cooperation models conducted so far.”

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