Severance-China HIKING Group hold hands together – Signed an agreement to establish general hospital

Yonsei University Health System and china HIKING Group has signed an agreement establishing Severance-Qingdao Hospital in Qingdao Westin Hotel on 10th day of 2015. In a signing event, Namsik Jung, a director of Yonsei medical center, Jianhua Zhang, a chairman of HIKING Group and many figures have participated. Yonsei University Health System secured 50% stake in the business, which owns equal percentage of stake in Severance Qingdao Hospital, and expect to earn dividend income by future hospital operations. Severance-Qingdao Hospital expects to provide highest Korean standard medical services to roughly 100 million Chinese people including population of Qingdao natives. Yonsei University Health System is preparing to expand into China medical market by providing educational program, consulting and VIP medical examination center project.