- The company plans to complete the institute next year, though it has yet to determine details of the investment and scope of projects it will carry out with Korean partners.
- For IBM, which identified cognitive computing as a major sector for future growth, the agreement is expected to help it find new customers in Korea as the institute is expected to research personalized cancer treatment and develop gene therapies.
- They plan to sign a memorandum of understanding by the end of the month. Drexel University of the United States will also join the project.
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