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Partnership forged with South Korea foundation for life sciences

Special Photo Nick Masino and Siwoo Lee at the Georgia Pavilion at the 2013 BIO International Convention.

Special Photo Nick Masino and Siwoo Lee at the Georgia Pavilion at the 2013 BIO International Convention.

DULUTH -- Local leaders have formed a partnership with a Korean foundation, supporting each other in the development of life sciences.

Gwinnett Chamber of Commerce Vice President Nick Masino, who chairs the Innovation Crescent Regional Partnership, signed a memorandum of understanding with the Chuncheon Bioindustry Foundation, specifically targeting the promotion of human health, during a conference in Chicago this week.

With the partnership, the two organizations agree to work collaboratively on research and development information sharing, education and other areas to build the life science industry.

"This agreement represents the culmination of four years of relationship building between Georgia's Innovation Crescent and South Korea's Chuncheon Bioindustry Foundation," Masino said. "We began talking at BIO 2009 and, this year, formally agreed to work together to further life science economic development in both areas of the world."

The Innovation Crescent Regional Partnership includes more than 400 life science companies, non-profit organizations, universities and government agencies located on a path between Atlanta and Athens, including Gwinnett.

"Through (Tuesday's) MOU signing, sincerely, we hope to establish a new business partnership model between Georgia and Gangwon in the fields of biotech and pharma business," said Siwoo Lee, president of the Chuncheon Bioindustry Foundation.