MBraun, a major mechanical and industrial engineering company and an affiliate of Germany’s Indus Holdings AG, plans to invest almost USD$750,000 (1 billion won) in a South Korean university as part of a deal to jointly conduct solar cell-related research and development projects. MBraun will also donate research equipment to Sungkyunkwan University and help it build facilities for the projects. With the investment, MBraun and Sungkyunkwan University’s Advanced Institute of Nano-Technology (SAINT) will establish an application lab at the research center in Suwon, Gyeonggi Province.
“Korea is the birthplace of technological innovation. That’s why we decided to donate research equipment to a Korean university,” Patrick Bieger, MBraun’s chief executive, said in a recent interview with The Korea Economic Daily in Seoul. He said it’s the first time that MBraun has decided to invest in a university, which shows how important the Korean market is in terms of technological innovations.