Global Bio Hub
Kim Jin-yong, chief of the Incheon Free Economic Zone Authority (IFEZA), emphasized on June 29 at the annual conference hosted by Urban Land Institute (ULI) Korea, “We will foster the Songdo Bio Cluster into a global bio hub, establishing it as a future growth engine for the Incheon Free Economic Zone (IFEZ), Incheon, and the Republic of Korea.”
The chief delivered these remarks during the keynote speech titled Discovery of IFEZ in relation to Songdo Bio Cluster at the annual conference of ULI Korea, a global urban real estate research group, held in a hotel in Seoul.
He explained that the bio-pharmaceutical production capacity of Songdo Bio Cluster is currently the world’s largest on a single city basis at 880,000 liters. It will reach 1.3 million liters once Samsung Biologics’ fifth factory is completed. Companies including Korea's “Big 3” bio firms -- Celltrion, Samsung Biologics, and SK Biosciences -- and global companies such as Merck and Sartorius have either moved in or started construction.
Furthermore, he announced that Lotte Biologics' mega-plant has recently been attracted, and the construction of the Bio-Process Talent Training Center and the Pharmaceutical Bio Commercialization Center has begun, marking the start of infrastructure development to leap into a global bio hub.