Seoul Mayor Park Won-soon, right,

Seoul Mayor Park Won-soon, right, poses with Kim Jong-kap, chairman and CEO of Siemens Korea, in City Hall on Monday. Park and Kim signed a memorandum of understanding (MOU) on the establishment of Siemens’s Asia regional headquarters for its energy solutions business in Seoul. The regional headquarters plan, if implemented, is expected to create as many as 500 high-tech jobs in Korea. / Yonhap