AI healthcare company partners with Jeju University to support U.S. market entry and talent development
Jeju Island is partnering with the data-driven artificial intelligence (AI) healthcare company Invites Ecosystem to establish itself as a leading city in K-digital healthcare.
On the 31st of last month, Jeju Special Self-Governing Province signed a memorandum of understanding at Tamna Hall in the provincial government office with Invites Ecosystem and Jeju National University.
Invites Ecosystem is a company with capabilities in AI healthcare and digital infrastructure, operating five specialized healthcare companies: CG Invites (listed on KOSDAQ), Invites Genomics, Invites BioCore (listed on KONEX), HealthConnect, and Invites Ventures. Recently, it signed an acquisition agreement for the management rights of the Guam Regional Medical City (GRMC) hospital in the U.S. territory of Guam and is undergoing U.S. federal government approval procedures. The company is establishing an integrated online and offline healthcare network incorporating AI and digital healthcare technologies at the hospital.
Under this agreement, Jeju Island will provide administrative and financial support to ensure the Invites Ecosystem model can be demonstrated within the province. Invites Ecosystem plans to introduce and enhance its core business model in Jeju and expand it overseas. In particular, the company will promote the relocation of its headquarters and affiliates to Jeju in stages, establish a Jeju research and development (R&D) hub center, and hire talent as local or global cyclical professionals through practical training.
Jeju National University will collaborate on nurturing key talent, clinical verification, securing academic validity, and operating a cyclical talent development program.
Governor Oh Young-hoon stated, “The region-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, 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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