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Kimberly-Clark to start Innovation Center in South Korea

20 Sep '06

2 min read

Kimberly-Clark Corporation announced plans to create an Innovation Center of Excellence in Asia, to be located in KiHeung City in South Korea's Gyeonggi-do province, a few miles south of Seoul.

"This center will serve as a key resource supporting Kimberly-Clark's commitment to discover, develop and deliver emerging technologies that foster future growth and take the company to the next level of performance as a premier health and hygiene leader," said Cheryl Perkins, Senior Vice President and Chief Innovation Officer for Kimberly-Clark.

The South Korean government's Korea Trade Investment Promotion Agency (KOTRA) is providing a $1.6 million (USD) incentive package to Kimberly-Clark to create the Innovation Center, which the company plans to locate within the campus of the Yuhan Research Institute. The center is expected to open in the first quarter of 2007.

At a signing ceremony held today, the agreement for the incentive package was completed by Perkins; Sye-Kyun Chung, South Korea's minister of Commerce, Industry and Energy; and Ki-Hwa Hong, president of KOTRA.

Also present at the event were individuals who were instrumental in bringing the center to Korea: Jung Keun Cha, President of Yuhan Corporation; Kook Hyun Moon, President and Chief Executive Officer of Kimberly-Clark's Yuhan-Kimberly subsidiary; and Moon-Soo Kim, governor of the Gyeonggi-do province.

"We sincerely appreciate the efforts of the Ministry of Commerce, Energy and Industry, KOTRA, and the administration of the Gyeonggi-do province, as well as those of Yuhan-Kimberly and Yuhan Corporation, all of which played an important role in supporting the establishment of Kimberly-Clark's Innovation Center here," Perkins said.

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