Mayor Joo Gwangdeok: "A Milestone for Industrial Ecosystem Transformation... Completion of a Future-Oriented Self-Sufficient City"

Namyangju City and Korea Medical Devices Industry Association Sign MOU
Full-Scale Launch of Wangsuk High-Tech Complex Development and Medical Device Investment
Attracting Advanced Industries Such as Medical Devices and AI... Leap Toward a Future-Oriented Industrial City
Revitalizing the Medical Device Industry, Attracting Companies, and Creating Local Jobs Expected

Namyangju City in Gyeonggi Province (Mayor Joo Gwangdeok) announced on the 14th that it had signed a Memorandum of Understanding (MOU) with the Korea Medical Devices Industry Association (Chairman Kim Youngmin) to successfully establish the Wangsuk Urban High-Tech Industrial Complex and to revitalize the medical device industry.

Joo Kwangdeok, Mayor of Namyangju City (fourth from the right), is taking a commemorative photo after signing a Memorandum of Understanding (MOU) at the Korea Medical Devices Industry Association on the 14th to successfully establish the Wangsuk Urban High-Tech Industrial Complex and revitalize the medical device industry. Provided by Namyangju City

This agreement marks the first case of Namyangju City entering into such a partnership with an industry association, and is expected to serve as an important opportunity to strengthen the foundation for attracting investment and fostering cooperation across the advanced industries sector, including medical devices, artificial intelligence (AI), and advanced manufacturing.

The signing ceremony was attended by Mayor Joo Gwangdeok, Chairman Kim Youngmin, and other related officials. Both organizations agreed to promote the attraction and investment of medical device companies in the Wangsuk Urban High-Tech Industrial Complex, and to cooperate comprehensively on industry development, market expansion, and overseas advancement. They also pledged to work together to build a foundation for the advanced manufacturing (medical device) industry and to nurture specialized talent.

The medical device industry, based on convergent technologies such as artificial intelligence (AI) and biotechnology, is considered a future core industry with high growth potential. The city plans to accelerate its strategy to attract advanced industries, taking this agreement as a momentum.

In addition, the agreement is expected to contribute to attracting investment in the Wangsuk District and revitalizing the regional economy by creating jobs for young people. The combination of the association's expertise and the city's industrial infrastructure is anticipated to establish a regional win-win industrial ecosystem model.

Mayor Joo Gwangdeok stated, "Attracting companies is a key task for designing the city's future and transforming the lives of citizens," adding, "This agreement is an important milestone that will enhance the execution of the 'Namyangju Industrial Ecosystem Transformation' and lay the foundation for the growth of advanced industries, including medical devices."

Joo Gwangdeok, Mayor of Namyangju City, is delivering a greeting on the 14th before signing a Memorandum of Understanding (MOU) at the Korea Medical Devices Industry Association to successfully establish the Wangsuk Urban High-Tech Industrial Complex and revitalize the medical device industry. Provided by Namyangju City

He went on to emphasize, "I will do my utmost, actively working in the field, to realize a future-oriented self-sufficient city that surpasses the imagination of Jeong Yakyong, ensuring that corporate investment and job creation lead to regional economic growth."

Chairman Kim Youngmin remarked, "For the continuous development and reinforcement of competitiveness in the medical device industry, not only the innovation capabilities of companies but also cooperation with local governments is essential," and added, "We will work together with the city to create an environment where we can grow in harmony with the local community."

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