Selected as no. 200 company of the Daegu R&D Special District... Attracting national R&D projects and accelerating technological commercialization
Commercialization of ‘Anti-stress beverage containing GABA’ developed by Department of Food Science and Technology Professor Han Gi-dong
[May 13, 2021]
The first YU Technology Holdings subsidiary, MFST (CEO Han Gi-dong) was selected as ‘research institute company’ for the Daegu R&D Special District.
The ‘Research Institute Company’ is a company established within the R&D Special District by investing 20% or more capital for commercializing technologies developed by public research institutes such as universities, government funded research institutes, and specialized production technology research institutes. MFST was selected as the 200th research institute company of the Daegu R&D Special District. Companies selected as research institute companies receive corporate tax cuts of 100% for three years and then 50% for two years by the government.
MFST is the first subsidiary of YU Technology Holdings that was established in November of 2000 based on the anti-stress beverage technology containing GABA developed by YU Department of Food Science and Technology Professor Han Gi-dong. With the selection as a research institute company of the Daegu R&D Special District, MFST is expected to accelerate its efforts to attract national R&D projects and for the commercialization of its technologies.
YU Technology Holdings currently has two subsidiaries such as MFST and the distribution and logistics business, YU Networks (CEO Lee Gyeong-soo).
YU Technology Holdings CEO Lee Gyeong-soo said, “The technologies and research capacities possessed by YU have recently been recognized by government funded institutes and companies. We will continue R&D to create social values through the commercialization of outstanding technologies.”
Meanwhile, the Daegu R&D Special District is a global conversion cluster that combines R&D and business functions utilizing advanced technology personnel and the innovative capacities of Daegu, Gyeongbuk and Gyeongsan areas, and it has established promising research institute companies in the region while commercializing the outstanding research achievements of local public research institutes and universities.
