Yangju City Signs Investment MOU with Lab&People Co., Ltd. for Gyeonggi Yangju Technovalley

Gyeonggi Yangju City (Mayor Kang Su-hyun) announced on the 30th that it has signed a Memorandum of Understanding (MOU) with Lab&People Co., Ltd., a leading bio new material company, for relocation to Gyeonggi Yangju Technovalley and mutual cooperation.

Yang Soo-hyun, Mayor of Yangju City, is signing a Memorandum of Understanding (MOU) for mutual cooperation and relocation to Gyeonggi Yangju Technovalley with Lab & People Co., Ltd., a leading bio new material company, on the 30th. Provided by Yangju City

At the signing ceremony, Mayor Kang Su-hyun of Yangju City, CEO Jo Sung-yoon of Lab&People Co., Ltd., and other officials from both sides attended and pledged to build a cooperative relationship for the successful establishment of Gyeonggi Yangju Technovalley and the development of advanced industries.

Lab&People Co., Ltd. is a company gaining attention in domestic and international markets through innovative technologies and products in the bio new material field. Through this MOU, it plans to contribute to revitalizing the local economy and creating jobs, thereby further strengthening the industrial competitiveness of the northern Gyeonggi region.

Mayor Kang Su-hyun of Yangju City stated, “Lab&People Co., Ltd. is a company with innovative technology and expertise in the bio and healthcare sectors. This agreement will serve as an important stepping stone for Yangju City to leap forward as a hub of advanced industries. The combination of Lab&People’s technological innovation and Yangju City’s support will become a good example leading regional economic and industrial development.”

Lab&People Co., Ltd. is expected to significantly contribute to revitalizing Yangju City’s industrial ecosystem by establishing a stable industrial foundation and spreading advanced technologies through this relocation.

The city plans to actively promote investment attraction activities in various fields suitable for Gyeonggi Yangju Technovalley and prepare multifaceted support measures for the continuous growth of advanced industries and the development of the industrial ecosystem to revitalize the local economy.

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