Government and economic development representatives from Massachusetts and South Korea met this week seeking to deepen collaborations in life sciences, high tech and other areas, including signing a three-year memorandum of understanding (MOU) on April 19. A second meeting, which included Boston-based Oxford Bioscience Partners, the firm handling the Seoul government’s $100 million biotechnology fund, addressed the subject of Korean companies potentially looking to invest in Massachusetts.
Governor Deval Patrick met with Mayor Oh Se-hoon of Seoul, South Korea. Additionally, the administration’s Secretary of Housing & Economic Development Greg Bialecki signed the MOU with Assistant Mayor for Economic Promotion Myunho Shin of the Seoul Metropolitan Government. The agreement will identify opportunities for mutual job growth and research and development in the life sciences and technology sectors. It is also designed to increase trade and investment between the two governments, to establish contacts between research institutes and centers and develop joint vocational training and education initiatives.