TechnoPark signs deal with South Korean firm

Dubai: TechnoPark, the science and technology facilitator of Economics Zones World, a Dubai World company, has signed a deal with a top South Korean technological institution, Daejeon TechnoPark, located in the city of Daejeon.

The agreement, signed by Dr Samir Hamrouni, Senior Adviser, TechnoPark, and Lee Jin Ok, President, Daejeon TechnoPark, comes on the heels of the collaboration that it entered into with South Korean research and development district Daedeok Innopolis.

The agreement will facilitate cooperation in information technology, bio-technology and renewable energy between the two parties.

Under the agreement, the two parties will work together to promote joint projects, international research internships and cooperative networking among research institutes and businesses.

They will also exchange management know-how and facilitate exchange programmes in technology development, business promotion, education of technicians and workforce exchanges.

Commenting on the importance of the agreement, Dr Hamrouni said: "In this century, knowledge-intensive, high technology industries are the most significant and strategic industries for the continued existence and growth of businesses and nations alike. South Korea has embraced this ideology to nurture these industries. Daejeon Technopark is well respected in the international scientific community and we hope to greatly learn from their model."

"Our partnership will open up further global opportunities for investment, collaboration and research and development for both TechnoPark and Daejeon-based companies," he said.

Daejeon TechnoPark that has 232 research and educational institutions plays a vital role in activating the Korean economy by finding and fostering new industrial growth engines.