Signing of Business Agreement for Successful Promotion of 'Paju Medical Cluster Development Project'

Mayor Kim Kyung-il: "Paju-si to Develop as a Bio and Health Industry Hub in Northern Gyeonggi"
Full Effort to Attract General Hospitals by 2025 for Quality Medical Services

Paju City, Gyeonggi Province (Mayor Kim Kyung-il) signed a mutual cooperation memorandum of understanding (MOU) with the construction company HDC Hyundai Development Company on the 9th to successfully promote the Paju Medical Cluster development project.

Paju City held a commemorative photo session on the 9th after signing a mutual cooperation agreement with the construction company HDC Hyundai Development Company to successfully promote the Paju Medical Cluster development project (from left: Choi Ik-hoon, CEO of HDC Hyundai Development Company; Kim Kyung-il, Mayor of Paju City; Song Geun, CEO of PMC&CO). Photo by Paju City

At the signing ceremony, attended by Kim Kyung-il, Mayor of Paju City, and Choi Ik-hoon, CEO of HDC Hyundai Development Company, they pledged to cooperate for the successful promotion of the Paju Medical Cluster development project.

The Paju Medical Cluster development project involves creating a large-scale comprehensive hospital, the National Cancer Center Future Innovation Center, an innovative medical research complex, and a bio convergence complex on approximately 136,000 pyeong of land in the Seopaedong 432 area. Paju City regards this as a core project that must succeed to achieve one of its three major administrative goals: "rapid entry into a self-sufficient city of one million."

Although the project had been delayed due to nationwide construction industry recession caused by rising construction and material costs and interest rates, after the construction company was confirmed as HDC Hyundai Development Company on the 28th of last month, the project gained momentum with the immediate approval of changes to the project (urban development project implementation plan authorization).

Paju City aims to complete land acquisition by the first half of next year, commence site development construction, prepare a public contest to attract a general hospital, and finalize the hospital to be established in the Paju Medical Cluster by 2025.

Mayor Kim Kyung-il of Paju City stated, “Based on mutual cooperation with HDC Hyundai Development Company, we plan to successfully lead the Paju Medical Cluster development project to provide high-quality medical services to citizens and establish Paju City as a hub city for the bio and health industry in northern Gyeonggi Province.”

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