SEOUL, Feb. 14 (Korea Bizwire) – Revenue worries in the aftermath of healthcare reforms dubbed “Moon Jae-in Care” are keeping hospitals’ coffers closed even as the government takes pains to encourage the medical sector to invest in new infrastructure. After initially earmarking 390 billion won for a medical facility in “city of the future” Songdo [...]
INCHEON, Feb. 7 (Korea Bizwire) – With temperatures plunging below minus 10 degrees Celsius, the waters around Songdo Central Park have frozen. The channels surrounding the international city in Songdo , which are among the most iconic tourist spots in the region, have been completely frozen, according to aerial photos provided by the Incheon Free Economic [...]
SEOUL, Dec. 1 (Korea Bizwire) – To maintain its status as the world’s largest biopharmaceuticals manufacturing city, voices in Songdo are calling for greater cooperation between the private and public sectors. Leading biopharmaceuticals firms, among them Samsung Biologics and Celltrion, have made large investments in Songdo to build up the city’s manufacturing capabilities. By next [...]
SEOUL, Nov. 28 (Korea Bizwire) – Four lucky individuals have been given the chance of a lifetime after becoming the final selections for a six-day journey to a South Korean research base in Antarctica. The Ministry of Oceans and Fisheries had announced a “Visit Antarctica” expedition open to the public to commemorate the 30th anniversary [...]
Songdo and Ravensburg, Nov. 10 (Korea Bizwire) - Vetter, one of the global leaders in prefilled drug-delivery systems, today announced the official opening of a new branch office in South Korea. The new office in Songdo is located within the biologics cluster which is often referred to as a ‘sweet spot’ by the industry as it houses numerous prominent [...]
INCHEON, Oct. 4 (Korea Bizwire) – The Songdo International Business District is quickly establishing itself as a new hub for the biotech industry, already housing major pharmaceutical and healthcare enterprises like Samsung BioLogics and CellTrion, and attracting further investment from global firms. According to industry watchers, GE Healthcare and Merck Group will open new training [...]
INCHEON, Sept. 27 (Korea Bizwire) – Songdo International Business District (Songdo IBD) in Incheon is set to become the staging area for a new medical complex for specialized hospitals (hospitals specializing in a specific field of medicine), the first of its kind to be established in Korea. Unlike conventional medical complexes, which are often formed [...]
SEOUL, May 4 (Korea Bizwire) – Korea’s only in-city racing festival, The Brilliant Motor Festival 2016, will be held at the Songdo International Business District (SIBD) on May 21 and 22. The event, which is celebrating its three-year anniversary this year, will be hosted by Hyundai Motors, the Incheon Free Economic Zone Authority, and the [...]
INCHON, Dec.28 (Korea Bizwire) – A plan to build an apartment for foreign professors in the Songdo International Business District will be pushed forward. According to the local office of Incheon Free Economic Zone, a plan to build an apartment exclusively for foreign professors, will be laid out due to the increase in the number [...]
SEOUL, Nov. 8 (Korea Bizwire) — The South Korea-based United Nations climate fund has endorsed eight initial projects worth US$168 million to help developing countries deal with climate change, Seoul’s finance ministry said Sunday. In the 11th meeting of the board of directors in Livingston, Zambia, from Nov. 2-5, the Green Climate Fund (GCF) approved [...]