According to Yonhap News,
On May 30th, Hana Bank announced that it had signed MOU with Asan Medical Center, KAIST, and KT&G to jointly work for "Cheongna Medical Complex Town" project on May 28th to apply for the tender process to select a developer of Cheongna Medical Complex Town to be located in the Incheon Free Economic Zone (IFEZ).
Hana Bank and signed parties are to build a high-tech medical complex town through collaboration between industry, academia, research institutes and hospitals in Cheongna International City, IFEZ.
Hana Bank is to be responsible for stable supply of financial resources by playing its roles as a financial arranger and investor, participating in planning of business/financial structure.
Asan Medical Center, equipped with world-class hospital operation capability, the latest smart education system, is set to raise the global competitiveness of medical bio research in conjunction with KAIST, while KT&G is to carry out investment and support for establishment of Cheongna Medical Complex Town.
With the establishment of a consortium, each party to the MOU is planned to build 'Asan Medical Center Cheongna' to treat the critically ill patients, and 'Life Science Park' which will act as the hub of R&D in Medical Complex Town, and high-tech smart education center to facilitate establishment of a global bio medical cluster.
In addition, Hana Bank is planned to set up a consortium with companies in various fields such as HDC Hyundai Development Company, Woomi Construction Corporation, Dowoo C&D, and Actner Lab to work for establishment of Cheongna Medical Complex Town.
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Source: Yonhap News (May 30, 2021)
** This article was translated from Korean.