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Lotte Biologics, Merck KGaA ink partnership deal for biopharma production

Incheon highlights free economic zone for foreign investments

Samsung chief vows to invest $5 2 bil to create huge lead for bio business

Samsung Electronics Vice Chairman Lee Jae-yong has vowed to invest 7.5 trillion won ($5.2 billion) in the company s biotechnology firm by 2032 to achieve a huge lead with its competitors, Samsung Group said Tuesday. The Samsung chief attended the ceremony for the completion of Samsung Biologics fourth drug manufacturing plant in Songdo, Incheon. The plant, which went into operation this month, is the world s largest biopharmaceutical production plant, with an annual production capacity of 240,000 liters. Samsung invested about 2 trillion won in its construction.

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