Suwon City, led by Mayor Lee Jae-jun, has partnered with Sungkyunkwan University and the Korea Institute of Science and Technology (KIST) to collaborate on advanced semiconductor research and development and to foster the local industrial ecosystem. The three institutions signed a memorandum of understanding on October 26 at Suwon City Hall.
The collaboration aims to integrate the research infrastructure and expertise of Sungkyunkwan University and KIST with the city's industrial development policies to enhance the technological capabilities of local semiconductor companies and establish a foundation for workforce training. The goal is to help regional businesses leverage the resources of both institutions to innovate and grow, thereby boosting the competitiveness of Suwon's semiconductor industry.
The areas of cooperation include: △ revitalizing advanced semiconductor research and development and creating a local industrial ecosystem △ supporting and nurturing local semiconductor companies and enhancing their technological competitiveness △ utilizing the research infrastructure of the partnering institutions and fostering and exchanging semiconductor professionals.
The signing ceremony was attended by Mayor Lee Jae-jun, Sungkyunkwan University President Yoo Ji-beom, and KIST Director Byun Dae-seok.
President Yoo stated, "Securing technology and talent in the advanced semiconductor field will be a driving force for the development of Suwon City and the foundation of South Korea's industrial competitiveness."
KIST Director Byun remarked, "This agreement marks the starting point for connecting Suwon City's policies, Sungkyunkwan University's research capabilities and talent, and KIST's research infrastructure." He expressed hope that this would be the first step toward Suwon becoming a hub for advanced semiconductor innovation in South Korea.
Mayor Lee emphasized, "This agreement will serve as a stepping stone to further solidify and enhance Suwon City's advanced industrial ecosystem, contributing to global technological innovation."
* This article has been translated by AI.
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