JEJU-DO < invest Korea

According to Yonhap News,

A cooperation research institute among Korea, China, and Japan, or i-Biology, will be established in Jeju.

Jeju Province said on February 13th that Pohang University of Science and Technology (POSTECH), Korean Bio information Center (KOBIC), Shanghai Center for Bioinformatics Technology (SCBIT), Japan’s National Institute of Genetics (NIG) plan to launch an international cooperation research institute in the system biology sector.

They chose Jeju as the candidate for the research institute during a working-level consultation, as Jeju has favorable geographical condition, abundant bio-resources, and optimal environmental conditions.

Representative scientists from three countries, Professor Nam Hong-gil of POSTECH, Yixue Li of SCBIT, and Takashi Gojobori of NIG will sign an MOU to cooperate in establishing i-Biology at Jeju Provincial Office with Jeju Provincial Governor U Geun-min on February 15th.

Jeju Province will provide support for purchasing a site and administrative procedures including approval and permission.

They will invest KRW 77.1 billion by 2015 to build an international cooperation research institute for biology equipped with offices for research, experiment, equipment, analysis, and conferences, and boarding rooms on the area of 16,500 ~ 33,000 m².

Ten globally renowned researchers, 50 doctors, and about 100 employees will stay at the research institute and conduct research on aging, maritime biology, bio-medicine, and bio-energy.

Source Text

Source: Yonhap News (Feb. 13, 2011)

**This is an English translation of a Korean news article.