YONGIN, SOUTH KOREA (Jan. 10, 12:30 p.m. ET) — Bayer MaterialScience AG has opened a polymer technology center in South Korea to develop applications in high-tech products in sectors including information technology and automotive.

The South Korean facility, located in the city of Yongin, near the capital Seoul, is part of the company’s network of global research and development and applications centers, including main regional hubs in the United States, Germany and China.

“Over the past decade, Korea has emerged as a center for cutting-edge high-tech products,” said Michael Koenig, a BMS executive committee board member and head of its polycarbonate business unit.

“Large Korean companies are offering their latest technology worldwide, but their development and research mainly happens in Korea. With our new tech center we can be closer to them, better engage in long-term R&D partnerships and fulfill their needs with greater efficiency and speed.”