Special Zone Foundation and K-Medi Hub Join Forces to Foster Global Companies in the Bio Sector

The Research and Development Special Zone Promotion Foundation (Special Zone Foundation) announced on July 9, 2025, that it had signed a business agreement with the Daegu Gyeongbuk Advanced Medical Industry Promotion Foundation (K-Medi Hub) to promote the activation of advanced bio deep tech startups and support innovative growth.

Jhee Kwon Jung, Chairman of the Special Zone Foundation (right), is taking a commemorative photo with Gu Seon Park, Chairman of the Daegu Gyeongbuk Advanced Medical Industry Promotion Foundation (left), after signing an agreement. Provided by the Research and Development Special Zone Promotion Foundation

The agreement was signed with the aim of strengthening full-cycle support, from startup planning to technology development, commercialization, and global expansion, in order to foster global deep tech companies in the advanced bio sector, which is a national strategic technology.

Under the agreement, the Special Zone Foundation will support joint planning for the establishment of research institute companies in the advanced bio sector, match and plan the commercialization of promising technologies from K-Medi Hub, and provide support through the special zone regulatory sandbox and commercialization linkage.

K-Medi Hub plans to discover and recommend candidate technologies and researchers for the establishment of research institute companies, support joint technology development with special zone companies, and assist with testing, evaluation, and regulatory approvals.

The two organizations will also connect their global networks and various support programs to help advanced bio deep tech companies expand overseas.

Jhee Kwon Jung, Chairman of the Special Zone Foundation, stated, "This agreement will serve as a foundation for resolving the challenges that deep tech companies in the advanced bio sector face in the processes of technology commercialization and global expansion, and for promoting innovative growth." He added, "Through these efforts, we will spare no support to help companies strengthen their competitiveness in the advanced bio industry and lead the global market."

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