According to Yonhap News,

(INCHEON=Yonhap News)The Incheon Free Economic Zone Authority (IFEZA) and Olympus, a leading optics manufacturer in Japan, signed an investment agreement on May 12 to build the Olympus Korea Training & Education Center in Songdo International City.

Olympus Korea will build a medical training center on 5,000㎡ of land in Section 5 of the Songdo High-Tech Industrial Cluster. The center will comprise an education facility for medical equipment and a service center.

The center (total floor area 6,600㎡) will also have simulation and practice laboratories, an auditorium and a showroom for displaying new products. It will provide education on medical equipment and conduct product demonstrations for medical workers, Olympus Korea staff and experts from the field.

Olympus Korea will invest a total of KRW 36.3 billion in the center by February, 2017. FDI from the headquarters of Olympus amounts to KRW 15 billion.

"The Olympus Korea Training & Education Center, which is the first to be built in Korea, will help increase the status of Songdo as the base for the global bio industry," said an IFEZA official.

IFEZA expects the center to revitalize the regional economy with about 70 new jobs and 10,000 annual medical visitors.

Olympus, begun as a microscope manufacturer in 1919, was the world’s first to commercialize a gastrocamera in 1950. Its gastrointestinal endoscopy products now account for the largest share in the global market. Also, more than 90 percent of general and university hospitals in Korea use Olympus products.

smj@yna.co.kr

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Source Text

Source: Yonhap News (May 12, 2015)

** This article was translated from the Korean.