▲ Samsung Biologics
Incheon City has expressed its welcome after Samsung Electronics Chairman Lee Jae-yong announced plans today (June 29) to focus investments in Songdo, Incheon, to foster the world's largest bio cluster.
Yoon Baek-jin, acting commissioner of the Incheon Free Economic Zone Authority, said in a phone call today, "We welcome Chairman Lee Jae-yong personally announcing the plan to develop the Songdo bio cluster," adding, "We hope that a complete bio ecosystem, ranging from biopharmaceutical production to new drug development, will be established in Songdo."
Yoon emphasized, "We will spare no administrative support to ensure that Samsung Biologics can successfully complete its third campus following the first and second campuses," and added, "We will work to ensure that Songdo becomes the world's largest bio cluster, as Chairman Lee stated."
Earlier today, Chairman Lee stated at the "National Report on the Three Major Mega Projects for Korea's Great Leap," presided over by President Lee Jae-myung at the Blue House, "We will focus our investments in Songdo, Incheon, for the bio business, which is a strategic sector for Samsung with high growth potential, and grow it into the world's largest bio cluster."
Established in April 2011, Samsung Biologics already operates plants 1 through 5 in Songdo, possessing a production capacity of 785,000 liters, the largest in the world in the antibody drug sector.
If Samsung Biologics constructs additional plants 6 through 8 in Songdo, its production capacity will increase to over 1.325 million liters.
Samsung Biologics is leading the creation of the Songdo "bio cluster" by securing a site for its third campus, spanning 187,427 square meters, in addition to its first and second campuses where these plants will be located.
Lotte Biologics also recently built its first bio campus plant in Songdo (with a production capacity of 120,000 liters) and plans to build two additional plants of the same scale.
Construction for the "K-Bio Lab Hub," a facility to foster pharmaceutical and bio startups, is scheduled to begin in the third quarter of this year on the site of the Yonsei University International Campus in Songdo.
Incheon Mayor-elect Park Chan-dae has previously put forward "ABC+E," which includes the "B" for bio, as Incheon's future strategy, and is pushing for the establishment of the Incheon Institute of Bio-Science and Technology, referred to as "Bio KAIST," so that Songdo can become a hub for new drug development beyond biopharmaceutical production.
(Photo: Provided by Samsung Biologics, Yonhap News)
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