GH Establishes 'Advanced IT Convergence Research Institute' to Revitalize Yangju Technovalley

Gyeonggi Housing and Urban Corporation (GH) signed a Memorandum of Understanding (MOU) for the establishment of the "Yangju-Kwangwoon Advanced IT Convergence Research Institute (tentative name)" to revitalize Yangju City and Yangju Technovalley at Kwangwoon University in Seoul on the 9th.

Gyeonggi Housing and Urban Corporation (GH) has joined hands with Yangju City and Kwangwoon University to revitalize Yangju Techno Valley.

On the 9th, GH announced on the 10th that it signed a Memorandum of Understanding (MOU) for the establishment of the "Yangju-Kwangwoon Advanced IT Convergence Research Institute (tentative name)" with Yangju City and Kwangwoon University at Kwangwoon University in Seoul to promote the revitalization of Yangju Techno Valley.

According to the agreement, GH, Yangju City, and Kwangwoon University will cooperate in various areas to establish the Advanced IT Convergence Research Institute, including ▲ creating the Techno Valley and supporting tenant companies and university management ▲ administrative and financial support to build industry-academia cooperation relationships ▲ technology development, education, and talent cultivation support for tenant companies within the industrial complex.

Yangju Techno Valley is a project to develop an industrial complex and other facilities on a 218,000m² site in Majon-dong, Yangju City. The total project cost is 110.4 billion KRW, with a completion target of 2026. GH (63%) and Yangju City (37%) are the project promoters.

With the establishment of the Yangju-Kwangwoon Advanced IT Convergence Research Institute, GH expects that the linkage between industry, academia, and research, as well as convergence among different industries, will expand opportunities for high value-added new technology R&D, startup incubation, and worker education, making Yangju Techno Valley an innovation base for improving the industrial structure of northern Gyeonggi Province.

Kim Seyong, President of GH, said, "I hope Yangju Techno Valley will become a foothold for industry-academia-research cooperation in northern Gyeonggi." He added, "GH will do its best together with Gyeonggi Province and Yangju City to attract more universities, research institutes, and companies to Yangju Techno Valley so that it can become an innovation hub in northern Gyeonggi, where new industries are lacking."

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