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Korean MedTech Company locates in Muelheim

Muelheim an der Ruhr, November 24, 2016 - With more than 1,000 employees worldwide, South-Korean Meta Biomed Co., Ltd. is a ‘Hidden Champion’ in medical technology. The innovative and successfully growing company just established its European headquarter in Muelheim an der Ruhr in order to increase its share in the European market for medical devices and biomaterials. Having exported to Europe for many years, the establishment of a European head office was the next logi-cal step for Meta Biomed.

Meta Biomed chairman Tony Oh has formulated a clear vision for Meta Biomed Europe. First, prox-imity to existing and potential new customers is a key prerequisite to service their needs and to optimize marketing and sales. Second, design, development and production of new devices in Germany expresses the recognition of the label “Made in Germany” as a seal of quality that reflects the corporate philosophy of Meta Biomed. In order to achieve this, Meta Biomed Europe will invest heavily in research and development with partners from clinics and universities in the region.

The European head office is led by Managing Director USA and Europe, Ian Yun. Seeing excellent growth opportunities, Meta Biomed plans to create up to 20 high-quality jobs in the first two years in Muelheim. Meta Biomed is the sixth Korean company that set up operations in Muelheim in the last years.

Setting up the European head office in Muelheim was supported jointly by the state-owned eco-nomic development agency NRW.INVEST and the local economic development corporation Muelheim & Business.

Petra Wassner, Managing Director of NRW.INVEST, appreciates the location decision of Meta Biomed: “With Meta Biomed an internationally renowned Korean medical technology company locates in Muelheim an der Ruhr. Having visited Meta Biomed recently in Korea, I am highly im-pressed by the company that has repeatedly been an exhibitor at MEDICA in Düsseldorf in this month and over the last years. I am very happy that our efforts in supporting Korean 'Hidden Champions' to set up operations in North Rhine-Westphalia (NRW) is bearing fruits and I thank Muelheim & Business for their excellent collaboration.“

Ulrich Scholten, Mayor of the City of Muelheim an der Ruhr, expressed his thanks to NRW.INVEST and Muelheim & Business for their joint efforts: “With its outstanding locational conditions in terms of transportation infrastructure and proximity to customers and markets all over Europe, Muelheim is an excellent location for the European head office of Meta Biomed. I appreciate very much that we in Muelheim have been selected to support the vision and growth aspirations of Meta Biomed."

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