Gyeonggi Economic Zone Authority Attracts 200 Billion Won Investment from Korea Testing & Research Institute for Chemical Fusion in Siheung Baegot District

[Suwon Ilbo=Reporter Kim Gap-dong] The Korea Testing & Research Institute for Chemical Fusion (KTR) will invest approximately 200 billion won in the Siheung Baegot District of the Gyeonggi Economic Free Zone to establish bio-related national certification testing facilities and a gene therapy platform.

The Gyeonggi Economic Free Zone Authority (Head: Choi Won-yong) and the Korea Testing & Research Institute for Chemical Fusion (Director: Kim Hyun-chul) signed an investment agreement to this effect on the 7th in the afternoon at an 8th-floor conference room of the Gyeonggi Economic Free Zone.

The agreement signing was attended by Choi Won-yong, head of the Gyeonggi Economic Free Zone Authority, Jeon Seong-gyu, vice director of the Korea Testing & Research Institute for Chemical Fusion, and officials from both organizations.

The Korea Testing & Research Institute for Chemical Fusion is a key institution providing testing analysis and certification testing services in accordance with international and national standards. It will invest 200 billion won in the research site in Baegot District to establish a bio-related national testing and certification facility spanning approximately 16,500 square meters (about 5,000 pyeong). A gene therapy platform will also be constructed together. The plan is to commence construction in the first half of the year, complete construction in 2028, and finish establishment in 2029.

The Gyeonggi Economic Zone Authority pledged support for various permits and approvals required for the certification facility construction, as well as resolution of difficulties arising through completion. The Korea Testing & Research Institute for Chemical Fusion committed to contributing to regional economic revitalization through early establishment of the certification facility and making efforts toward eco-friendly facility operation and management.

This investment is expected to create 200 on-site jobs in Siheung Baegot District and further strengthen the establishment of a medical and bio cluster in the area.

The Korea Testing & Research Institute for Chemical Fusion is a non-profit foundation established in 1969 under the Ministry of Trade, Industry and Energy. It is South Korea's representative testing and certification agency, providing approximately 470,000 test reports annually to roughly 30,000 companies. It provides testing, certification, and technical services across all industries including chemical and environmental sectors, materials and components, medical, bio and healthcare, civil engineering and construction, electrical, electronic and energy, and converged industries. Through 8 overseas branches and business partnerships with 241 institutions across 52 countries, it directly supports Korean companies' exports through overseas certification assistance.