Songdo Archives | Be Korea-savvy
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 [...]

Medical Complex for Specialized Hospitals Coming to Incheon

Medical Complex for Specialized Hospitals Coming to Incheon

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 [...]