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Konkuk's The Classic 500 and Medical Center to Make Full-fledged Entry into the Chinese Market
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2015.03.17
<p>On Dec. 24, 2014, Chairman Guo Guangchang and management of China's largest private-owned conglomerate, Fosun Group, visited Konkuk University (KU) to discuss mutual cooperation measures with The Classic 500 and Konkuk University Medical Center (KUMC), both operated by the KU Foundation. According to the KU Foundation, The Classic 500, a premium, urban residential complex for senior citizens, and KUMC, one of the best medical service providers in the nation, will be entering the Chinese market.</p> <p>By signing a memorandum of understanding (MOU) with Fosun Group in October 2014 to share know-hows in the management of senior residence, The Classic 500 has obtained a foundation for entering the Chinese market. Fosun Chairman Guo Guangchang, widely regarded as "China's Warren Buffet," and major members of the management took part in this visit, showing a particular interest in the professional medical services provided to The Classic 500's senior residents through Konkuk's hospital (KUMC).</p> <p>KU Chairperson Kyung-hee Kim said, "China's Fosun Group is interested in medical service and senior care businesses and highly evaluates the brand value of The Classic 500, Korea's representative urban senior town. We hope that through Fosun Group's visit, The Class 500, along with the medical service provider KUMC, will make a full-scale entrance into the Chinese market."</p> <p>Fosun Group is the largest private corporation in China, maintaining its standing as no. 1 among 100 non-state enterprises in Shanghai. It is currently carrying out urban health landmark business which converges senior-friendly ("silver") industry, real estate, and health.</p> <p> </p> <p>Source: KU Newsletter (March 2015 Issue)</p> <p>Link: <a href="../../Administration/Abroad/newsletter/march2015/global04.jsp" target="_blank">http://www.konkuk.ac.kr/Administration/Abroad/newsletter/march2015/global04.jsp</a></p> <p style="text-align: center;"><img src="ArticleFile.do?id=11617114" /></p> <p style="text-align: center;"> </p> <p style="text-align: right;">Posted by Eun Jin Cho</p>
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