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Taean Cty. signed an investment MOU with two medical device makers

According to Yonhap News,

Taean, South Chungcheong Province announced on Mar. 3 the signing of a memorandum of understanding with medical device suppliers, Standard Bank and Allpack for facility investment. Standard Bank, conducting testing and inspection for Electromagnetic Radiation (EMF), came up with its KRW 10 billion worth plan to move its headquarters into Taean, along with a new R&D center by the year 2024.

Medical, healthcare device maker, Allpack, also joined the office relocation project spending roughly KRW 5 billion to transfer to a 13,223 ㎡ site in Taean until 2024. Taean County announced a full financial and administrative support to these investors to move into, stepping into every phase of the project.

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Source: Yonhap News (Mar. 3 , 2020)

*This article was translated from Korean.

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