Yongin City Signs Business Agreement with KIMM to Strengthen Semiconductor Competitiveness

Advanced R&D Equipment Now Accessible to Local Businesses

On January 19, Yongin City in Gyeonggi Province signed a 'Business Agreement for Fostering Advanced Industries and Strengthening Semiconductor Competitiveness' with the Korea Institute of Machinery and Materials (KIMM) and the Yongin Industrial Promotion Agency at City Hall.

At the 'Business Agreement Ceremony for Fostering Advanced Industries and Strengthening Semiconductor Competitiveness' held on the 19th at the reception room of Yongin City Hall, Kim Hongdong, Director of Yongin Industrial Promotion Agency (from the left), Lee Sangil, Mayor of Yongin, and Ryu Seokhyun, President of Korea Institute of Machinery and Materials, are holding up the agreement document. Provided by Yongin City

This agreement aims to expand the use of national research infrastructure, which is difficult for individual companies to access, to local businesses.

Under the agreement, the participating organizations will cooperate in the following areas: research and development and commercialization in advanced industries; testing, evaluation, certification, and business support for companies specializing in materials, components, and equipment; public offerings for business and R&D projects in advanced industries; utilization of research institute facilities and R&D equipment; and planning and implementation of customized R&D policy projects utilizing advanced technologies.

With this agreement, the city plans to further enhance the foundation for collaboration among government, industry, academia, and research institutes, together with organizations already attracted to Yongin such as the Electronics and Telecommunications Research Institute, the Yongin Intellectual Property (IP) Support Center, and the Artificial Intelligence (AI) Trade Center.

Mayor Lee Sangil stated, "This agreement will enable local companies in Yongin to utilize research institute equipment and receive demonstration support," adding, "It will serve as a foundation for the development of advanced industries, including semiconductors."