Hanjin Group unveils medical complex plans

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Hanjin Group unveils medical complex plans

Hanjin Group, the nation’s ninth-largest conglomerate, will build a 500 billion won ($469 million) medical complex at Songdo International Business District in Incheon.

The group, which owns companies like Korean Air and Hanjin Shipping, said it signed a memorandum of understanding with the city of Incheon and the Incheon Free Economic Zone Authority to build the Hanjin Medical Complex.

Hanjin Group Chairman Cho Yang-ho, Incheon Mayor Song Young-gil and Incheon Free Economic Zone Authority Commissioner Lee Jong-cheol were at the signing ceremony yesterday at Incheon City Hall.

Hanjin said it wants to “give back,” or contribute, to the development of Incheon, which is the home of the group. The group also said the project is in line with the government’s “creative economy” emphasis because it fosters the medical industry.

Hanjin said the medical complex will be built on 77,750 square meters (191 acres) of land from 2014 to 2018. The clinic will take up 33,000 square meters of area and will have a capacity of more than 1,300 patients. At a cost of 270 billion won ($253 million), according to Hanjin, the clinic will contain specialized centers for various diseases, including one for foreigners.

A research and education complex will be built on 23,100 square meters at a cost of 110 billion won.

A support complex will have lodging and a senior citizen center costing 120 billion won, according to Hanjin.

Incheon officials said the complex will be the first hospital in Songdo International Business District. “The construction of the Hanjin Medical Complex in the Songdo area will make an important platform for the Incheon Free Economic Zone to be known globally,” said Lee.

BY JOO KYUNG-DON [kjoo@joongang.co.kr]
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