The Seoul Metropolitan Government and the Seoul Economic Promotion Agency (SBA) attended the 42nd IASP (International Association of Science Parks) World Congress held in Beijing, China, and signed an MOU with Zhongguancun International Holdings Co., Ltd. (abbreviated as "Zhongguancun International"), an international business platform in Zhongguancun, known as China's Silicon Valley, thereby kicking off cooperation to build a global innovation ecosystem.
This MOU focuses on establishing a cross-border service platform and fostering a global innovation hub, and is expected to serve as a significant stepping stone for Seoul companies to enter overseas markets.
The 42nd IASP World Congress, held in Zhongguancun, Beijing, China, from September 16th to 19th, was themed "Global Cooperation in the Innovation Ecosystem and Industrial Development." With participation from 77 countries, approximately 350 science and technology parks, and over 115,000 companies, the IASP World Congress serves as a platform for sharing experiences in building and operating science and technology parks and promoting cooperation between countries.
The Seoul Economic Promotion Agency (SEPA), representing the Magok Industrial Complex, was invited to this general meeting to discuss cooperation within the global innovation network. On September 19th, the final day of the meeting, the SEPA signed an MOU with Zhongguancun International and Zhongguancun Industrial Internet Industry Development Co., Ltd. at the closing ceremony.
At the closing ceremony, Zhongguancun International signed a total of eight strategic cooperation agreements, of which the MOU with the Seoul Economic Promotion Agency was evaluated as the most significant achievement, promoting the global expansion of startups and SMEs from Seoul and Beijing and deepening exchanges between innovation clusters.
Through this agreement, the two organizations will jointly build a cross-border service platform and provide comprehensive innovation support services, including market expansion for overseas companies, technology docking, and localized operations.
Additionally, we plan to establish representative offices in Seoul and Beijing, respectively, to enable companies in both cities to easily utilize each other's innovation infrastructure.
Lee Tae-hoon, head of the Industrial Hub Headquarters at the Seoul Economic Promotion Agency, said, “This MOU signing will be an important opportunity for Seoul’s innovation ecosystem centered around the Magok Industrial Complex to expand international exchange and cooperation.” He added, “Based on the innovation capabilities accumulated in the Magok Industrial Complex, we will accelerate the entry of Seoul companies into the global market and contribute to Seoul’s growth as an innovation hub city representing Asia.”
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