Headquarters relocated to Jeju for U.S. expansion and recruitment of global circular talent
Jeju Province signed a business agreement with the healthcare company Invites Ecosystem and Jeju National University at Tamna Hall of the provincial government office on the 31st of last month. Provided by Jeju Province
Jeju Province is partnering with the data-driven artificial intelligence (AI) healthcare company Invites Ecosystem to establish itself as a leading city in K-digital healthcare.
Jeju Special Self-Governing Province signed a business agreement with Invites Ecosystem and Jeju National University at Tamna Hall of the provincial government office on the 31st of last month.
Invites Ecosystem is a company with capabilities in AI healthcare and digital infrastructure, operating five healthcare specialized companies including CG Invites (listed on KOSDAQ), Invites Genomics, Invites BioCore (listed on KONEX), Health Connect, and Invites Ventures. Recently, it signed a contract to acquire management rights of the Guam Regional Medical City (GRMC) in the U.S. territory of Guam and is undergoing approval procedures from the U.S. federal government. The company is establishing an integrated online and offline healthcare network by incorporating AI and digital healthcare technologies into the hospital.
Under this agreement, Jeju Province will provide administrative and financial support to enable the Invites Ecosystem model to be demonstrated within the province. Invites Ecosystem will introduce and enhance its core business model in Jeju and expand it overseas. In particular, the company plans to relocate its headquarters and affiliates to Jeju in stages, establish a research and development (R&D) hub center in Jeju, and hire practical-oriented talent as local or global circulating personnel.
Jeju National University will collaborate on nurturing key talent, clinical verification, securing academic validity, and operating a circulating talent training program.
Governor Oh Young-hoon stated, “The regional-led AI transformation project selected last month will also be promoted based on Invites Ecosystem’s bio big data,” and added, “Efforts will be made to be selected for central government projects linked to the K-digital healthcare export model, which is one of the new government’s economic growth strategies.”
Song Eun-beom
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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