Maston Investment Management Signs MOU to Support Hironics' Entry into North America and Europe

On the 18th, Mastern announced that it has signed a Memorandum of Understanding (MOU) to cooperate in securing commercial real estate facilities in the United States and Europe for Hironic, a domestic medical device company specializing in skin beauty.

Mastern America's local subsidiary in the U.S., Mastern America (MASTERN AMERICA), agreed to establish a mutual strategic partnership for investment, development, and operation of real estate necessary for Hironic's entry into the North American and European markets.

Hironic is a skin beauty medical device manufacturer listed on the KOSDAQ market in 2014. Founded in 2007, Hironic develops and sells skin beauty medical devices based on radio frequency (RF) and high-intensity focused ultrasound (HIFU) technologies, and plans to establish production and sales facilities in the North American region to expand its overseas business.

Through this MOU, Mastern America will be responsible for financing, permits, development, and construction management required for the purchase and development of real estate such as factories and offices necessary for Hironic's entry into the North American and European markets. After completion, it will also perform asset management tasks.

At the event, Mastern was represented by CEO Joseph Oh of Mastern America, while Hironic was represented by CEO Sangwon Lee, and they discussed plans to expand future collaboration.

Mastern America is closely monitoring the reshoring policy promoted by the U.S. government as part of the global supply chain restructuring, which encourages overseas companies to return to the domestic market.

Joseph Oh, who has been leading Mastern America since its launch in 2021, is an overseas real estate investment expert with experience at HSBC Bank, BHP Korea (now Savills Korea), ING Real Estate Asset Management, Asia Real Capital, and Hyundai Asset Management, and served as head of the investment management division at Meritz Alternative Investment Management.

Additionally, Mastern America is steadily accumulating the capabilities required for overseas real estate business by recruiting Stephan Lee, who has a portfolio of large office and logistics facility developments in the U.S., has promoted government relations for real estate development and management projects at New York MTA (Metropolitan Transportation Authority), one of New York’s three major holding companies and a major government client for large real estate development projects, and has diverse real estate development experience at U.S. real estate development companies Twining Properties and Story Built.

Joseph Oh, CEO of Mastern America, stated, “Through close cooperation with Hironic, we will spare no effort in supporting the real estate aspects necessary for Hironic’s entry into the North American market,” adding, “We will actively participate in the complex real estate development of offices, factories, logistics, and sales facilities in the U.S. for Korean companies in the future.”