Daegu-Gyeongbuk Free Economic Zone Authority

Vol.18 - Newsletter - The MOU for the Operation of the Innovation Ecosystem

2021-09-24 00:00:00

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DGFEZ signed an MOU for the operation of the Innovation Ecosystem Council of Yeongcheon Industry District with the heads of eight local authorities and agencies at the Grand Meeting Room of the City Hall of Yeongcheon on August 31, 2021 (Tuesday).

The eight heads of local agencies and organizations who signed the MOU were, respectively, Sam Ryong Choi (Commissionor of DGFEZ), Gimoon Choi (Mayor of the City of Yeongcheon), Seojin Jeong (President of Yeongcheon Chamber of Commerce), Seonggu Seo (representative of corporates in Yeongcheon Industry District), In-seong Ha (Director of Gyeongbuk Technopark), Yeonbo Lee (Dean of Robot Cambus, Korea Polytechnics), Gyohoon Choo (Director of Gyeongbuk Hybrid Technology Institute), and Jongho Song (Director of Gyeongbuk Research Institute for Vehicle Embedded Technology).

The MOU for the Innovation Ecosystem Council (hereinafter referred to as the IEC) was signed in line with the initiative of the Ministry of Trade, Industry, and Energy, which announced FEZ 2.0 and declared its intent to shift from the previous focus of development and FDI inducement in FEZ to the development of an innovation ecosystem, which will serve as the foundation for a thriving local economy.

For the establishment of the IEC, DGFEZ held an academic-industrial-research-public sector joint ecosystem development forum on March 25, 2021 (Thursday). This was followed by an academic-industrial-research-public sector CEO forum for the innovation ecosystem, which was held on July 14, 2021 (Wednesday), during which time CEO Seunggu Seo of Youngjin Inc. was appointed as the representative of the 62 companies located in the Yeongcheon Industry District, which was an essential element for the plan.

The MOU was signed by the heads of the eight agencies and organizations in the academic, industrial, research, and public sectors in order to launch the IEC, so that these organizations and agencies may cooperate, share, communicate, and converge for a thriving local economy in the Yeongcheon area and the formation of an innovation ecosystem.

The MOU includes the provisions of agreement related to the cooperation and mutual interactions among the academic, research, industrial, and public sectors, which were:
▲ Issues related to the development and operation of the programs to train local expert talents;
▲ Issues related to the supports for hiring local workers;
▲ Issues related to the field training/experiential opportunities in the local industries and technological exchanges;
▲ Issues related to the joint R&D among the academic, research, and industrial players, and commercialization of such technologies; and
▲ Issues related to sharing training and research facilities, etc.

With this MOU, it was agreed to ▲ (Industry) work on developing a network of tenant companies and strategies for cooperation; ▲ (Universities) provide matching services for local talents and employers, and support field training programs; ▲ (Research institutions) provide customized technical support utilizing the research facilities, workers, and equipment; and ▲ (Local authorities) promote cooperative efforts by each of these agencies, including developing new policies to solve the difficulties faced by the local industry.