North Gyeongsang Province Governor Lee Cheol-woo, who is on a visit to the United States to attend Consumer Electronics Show (CES) 2019, went to Silicon Valley to meet executives of global medical device firm Siemens Healthineers, semiconductor equipment firm Lam Research and software firm GE Digital, in order to attract investment.
The provincial government signed a memorandum of understanding (MOU) with Siemens Healthineers to attract its investment in the province. The MOU was signed on Jan. 10 (local time) at the head office of Siemens Healthineers’ ultrasound diagnosis system division in Silicon Valley of the United States.
Lee met Bob Thompson, chief executive officer (CEO) of the ultrasound business division, and Sebastian Funk, the company’s chief financial officer (CFO), and signed an MOU on investment and research and development in the ultrasound diagnostic equipment sector. Under the agreement, the two will actively cooperate for sustainable growth of Siemens Healthineers Korea, which produces transducer and catheter in Pohang on the eastern coast of the nation.
Siemens Healthineers’ ultrasound diagnosis system division has research centers in Pohang and Bundang, runs production facilities in Pohang, Gyeongju and Seongnam, and carries out joint research and development projects with the nation’s leading medical centers and universities, including POSTECH and KAIST.
Siemens Healthineers Korea manufactures ultrasound diagnostic devices, such as transducers and catheters, which are medical devices that can be inserted in the body to treat diseases or perform a surgical procedure, at the Pohang Technopark.
During the MOU signing ceremony, Lee expressed his gratitude for Siemens Healthineers’ investment in his province and pledged to provide full support, saying, “Medical devices currently under development by Siemens Healthineers, which leads the global healthcare market, are the industry that North Gyeongsang Province needs to focus on advancing.”