On Wednesday, October 6, 2010, IFEZ signed an investment agreement with CJ CheilJedang to establish a bio research center. As a leading company specializing in food and bio products, CJ CheilJedang undertook this agreement to build a bio research and development base in Songdo International City. Based on its strong research capabilities in biotechnology, food, and materials, the company plans to construct the new research center. This initiative is expected to boost bio-industry clustering and expand advanced R&D infrastructure in Songdo International City.