On December 14, 2023, (Thursday), IFEZ, along with Gachon University and Cha Medical University, signed a memorandum of understanding for mutual cooperation to revitalize the bio, healthcare, and beauty industries. With the signing of this agreement, it was decided to make joint efforts and cooperate with each other to establish a business plan that includes ways to link departments and research and education facilities that can be promoted to revitalize the bio, healthcare, and beauty industries in the Incheon Free Economic Zone.