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 [...]
INCHEON, Aug. 6 (Korea Bizwire) — A special habitat facility will be built in Incheon’s Songdo International Business District to protect endangered bird species. The Incheon Free Economic Zone Authority will create a wetland habitat that does not fully submerge even during high tide, allowing birds to rest after feeding at a nearby tidal flat. [...]
SEOUL, Aug. 31 (Korea Bizwire) – With a woman who blocked the entrance to an apartment parking lot in retaliation for receiving a parking sticker drawing a nationwide attention, foreigners living in Songdo, where the drama unfolded, have been relaying information on the whereabouts of the event. The whole thing started on Monday afternoon when a worker [...]
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 [...]