Invest KOREA

(SEOUL = Newsis) General Electric Healthcare (GE Healthcare) will set up a research and development (R&D) and production center for mammography in Korea.

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 18 that Tom Gentile, President and CEO of GE Healthcare Systems, and Yoon Sang-jick, Minister of Trade, Industry & Energy, signed a memorandum of understanding (MOU) at the JW Marriott Hotel Seoul on December 17.

GE Healthcare will invest KRW 200 billion to build the R&D and production center for mammography and generate about 80 employment opportunities over the next five years.

The company expects to establish a strategic partnership with Korea through the MOU and nurture the country as a hub of mammography.

“GE Healthcare will work on mutually beneficial cooperation with the Korean economy by hiring Korea’s outstanding workforce and purchasing most of the parts from local small and medium enterprises (SMEs),” said Gentile.

“We hope that the investment will encourage the expansion of cooperation between domestic SMEs and the global GE,” said Yoon. “The government will actively provide support to strengthen the competitiveness of the ecosystem of Korea’s healthcare industry.”

123123@newsis.com

Source Text

Source: Newsis (Dec. 18, 2013)

** This article was translated from the Korean.