On Thursday, December 14, 2023, IFEZ signed a memorandum of understanding with Gachon University and CHA University for mutual cooperation to revitalize the bio, healthcare, and beauty industries. Under the agreement, the institutions agreed to work together and cooperate in establishing a business plan that includes ways to link academic departments and research and education facilities that can be promoted to revitalize the bio, healthcare, and beauty industries within the Incheon Free Economic Zone. Gachon University and CHA University are universities with educational and research capabilities in the fields of bio and healthcare, and the agreement is expected to contribute to strengthening the foundation for industry-academia cooperation and expanding the bio industry ecosystem in Songdo International City.