Hyundai Engineering and Yonsei University Future Education Institute Sign MOU for Senior Housing Operation Business

Hyundai Engineering announced on the 23rd that it signed a Memorandum of Understanding (MOU) for the promotion of a senior housing operation business with Yonsei University Future Education Center on the 22nd.

Kwon Byung-yong, Head of Architectural Investment Development at Hyundai Engineering (left), and Heo Hyun-seung, Dean of Yonsei University Future Education Institute, are taking a commemorative photo after signing the MOU.
[Photo by Hyundai Engineering]

The signing ceremony was attended by Kwon Byung-yong, Head of Architecture Investment Development at Hyundai Engineering, Heo Hyun-seung, Director of Yonsei University Future Education Center, and other related officials.

According to the MOU, Hyundai Engineering will be responsible for planning the senior housing operation business, including site discovery and development of operation programs, while Yonsei University Future Education Center will handle the development and operation of products in the education and medical fields.

A Hyundai Engineering official stated, “We expect very positive synergy in the promising future growth sector of senior welfare housing by combining Hyundai Engineering’s expertise in the housing field with Yonsei University Future Education Center’s expertise in education,” adding, “We plan to accelerate the expansion of our business areas by discovering various business fields that reflect social trends in the future.”

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