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Yonsei News

[YONSEI NEWS] Severance Hospital Establishes Partnership with Qingdao

연세대학교 홍보팀 / news@yonsei.ac.kr
2016-04-25

 
Severance Hospital Establishes Partnership with Qingdao
 
- Qingdao Severance Hospital Expected to Open in 2020
 
 
 
On March 22, Severance Hospital and China’s Hiking Group (新華錦) agreed on a contract establishing a joint holding company that will undertake the construction of Qingdao Severance Hospital. Both parties will invest equally in the holding company, and Severance Hospital expects to receive income from dividends and fees related to hospital administration.
 
 
In a statement, Severance Director Jung Nam-sik said: “Qingdao Severance Hospital is the first example of a South Korean multi-service hospital branching out internationally. We aim to share our130 years of medical history with Qingdao Hospital. We also aim to provide excellent medical services, while offering superb medical technology and medical administration to the Chinese patients.”
 
 
A groundbreaking ceremony for Qingdao Severance Hospital will take place this summer, and the tentative opening date is September 2020. If the venture proves to be successful, Severance Hospital and the Hiking Group will consider building additional branch hospitals in Shenyang and Hangzhou.