Songdo Archives | Be Korea-savvy
Incheon’s Bilingual City Plan for Songdo Stirs Up Controversy

Incheon’s Bilingual City Plan for Songdo Stirs Up Controversy

INCHEON, Jan. 6 (Korea Bizwire) — The western port city of Incheon is setting out to launch a special project aimed at turning the city’s international business district of Songdo into a bilingual city where you can use both Korean and English. The Incheon Free Economic Zone Authority (IFEZ) announced on Thursday that it made [...]

Moon Unveils Plan to Pour 10 tln Won into ‘Smart City’ Scheme by 2025

Moon Unveils Plan to Pour 10 tln Won into ‘Smart City’ Scheme by 2025

SEOUL, Oct. 22 (Korea Bizwire) — President Moon Jae-in said Thursday that the government will invest 10 trillion won (US$8.8 billion) into South Korea’s “smart city” project nationwide by 2025, as the country aims to become a global leader in the field under the so-called Korean version New Deal initiative. The government plans to supply [...]

Wary of Shifting Landscape, Hospitals Tighten Purse Strings

Wary of Shifting Landscape, Hospitals Tighten Purse Strings

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 [...]

Waters Around Songdo Central Park Freeze Amid Severe Cold Snap

Waters Around Songdo Central Park Freeze Amid Severe Cold Snap

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 [...]

Private-Public Sector Cooperation Crucial for Songdo Biopharmaceuticals Hub

Private-Public Sector Cooperation Crucial for Songdo Biopharmaceuticals Hub

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 [...]

Vetter Expands its Footprint in Asia Pacific Region

Vetter Expands its Footprint in Asia Pacific Region

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 [...]

Songdo Attracts More Investment from International Healthcare Enterprises

Songdo Attracts More Investment from International Healthcare Enterprises

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 [...]