Gyeongsangbuk-do Signs Economic Cooperation with Utah... "Connecting Gyeongsangbuk-do Industry and Utah's Innovation Ecosystem"

Agreement Also Signed with University of Utah for Industry-Academia-Research Collaboration
Eunhee Yang: "Supporting Companies' Entry into the Global Market"

Gyeongsangbuk-do Province has signed a business agreement with the state government of Utah, USA, and the University of Utah to expand cooperation in next-generation industries, including AI and semiconductors.

On September 21 (local time), Gyeongsangbuk-do Province entered into an economic cooperation business agreement with the state government of Utah at the Utah State Capitol. Subsequently, the province also signed an agreement with the University of Utah aimed at supporting global expansion and technology commercialization for startups and innovative companies, as well as joint research and industry-academia-research institute collaborations.

Geumhee Yang, Deputy Governor for Economy of Gyeongsangbuk-do Province (right), and Dedre Henderson, Lieutenant Governor of Utah, USA, are holding the signed agreement for a commemorative photo after concluding a business agreement.

Eunhee Yang, Deputy Governor for Economic Affairs of Gyeongsangbuk-do Province, and Soonbeom Park, Vice Chairman of the Gyeongsangbuk-do Provincial Council, attended a signing ceremony in the Gold Room of the Utah State Capitol with Utah's Lieutenant Governor Deidre M. Henderson and Franz Kolb, Director of Diplomacy and Global Engagement at Utah's Economic Development Office, among other officials.

The purpose of the agreement is to link Gyeongsangbuk-do's industrial and technological capabilities with Utah's innovation ecosystem. Gyeongsangbuk-do Province will connect Utah's industrial and investment ecosystem with the region's own manufacturing and industrial base to support local companies entering the U.S. market and building local networks. The agreement will also expand opportunities for cooperation in future industries such as AI, semiconductors, and advanced sectors, as well as exchanges and investment partnerships between companies.

Attending the University of Utah agreement were University President Taylor R. Randall and Vice President for Research Partnership Anshuman Razdan, among others. Both sides agreed to pursue global network development for local startups and innovative companies entering the U.S. market, support for company growth, technology commercialization, and joint research.

Gyeongsangbuk-do Province will utilize the University of Utah's research and industry network and entrepreneurship support infrastructure to connect regional companies with local U.S. businesses, investors, and startup support organizations. Company matching, identification of joint projects, and connections among technology commercialization and investment will also be conducted. The province plans to establish the "Gyeongbuk-Utah Global Open Innovation Hub" as a collaboration platform to help local companies achieve global expansion by connecting Gyeongsangbuk-do companies with universities, research institutes, and enterprises in Utah.

The Gyeongsangbuk-do delegation visited the University of Utah's nanofab to observe research and technology development in semiconductors and nanotechnology. The nanofab serves as a research infrastructure supporting R&D and prototype creation in semiconductors and nanotechnologies, equipped with a cleanroom and advanced research and process equipment. The delegation learned about the main research facilities, current operational status, and support systems for research and technology commercialization, and examined examples in which the university's research resources are linked with companies and research institutes for technology development and commercialization.

Gyeongsangbuk-do Province plans to develop cooperation with the Utah state government and the University of Utah into a global cooperation system, connecting state government, university, and companies. The province will establish a working-level committee to identify actionable projects from the agreement and promote follow-up initiatives by expanding exchanges among companies, universities, and research institutions.

Eunhee Yang, Deputy Governor for Economic Affairs of Gyeongsangbuk-do Province, stated, "This cooperation with the Utah state government and the University of Utah is an important starting point for connecting our province's industries and companies to the American innovation ecosystem. We will actively expand cooperation in emerging industries such as AI and semiconductors, and build a practical support structure to help Gyeongsangbuk-do companies enter the global market."

This content was produced with the assistance of AI translation services.