Samsung Biologics to Create 400 New Jobs Per Year as Its Signs a $323m Land Purchase Deal to Build a Second Campus

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

In a bid to widen its biotech industry, a division of Samsung Group that specializes in biotechnology, Samsung Biologic has signed a land purchase contract worth 426 billion, about $323 million, to build a second campus inside a free economic zone west of Seoul.

The agreement signed between Incheon Metropolitan City and Samsung Biologics would allow the company to build its new campus on a 357,000-square-meter plot of land in Songdo International City, which is part of the Incheon Free Economic Zone (IFEZ).

Also Read

At a signing ceremony held at Incheon City Hall, Samsung Biologics CEO John Rim stated that the company intends to become a global industry leader by “implementing our investment plan without any setbacks.” Likewise, the firm also stated that it expects to create 400 new jobs per year following the construction of the new campus, with a total of 4,000 new jobs created by 2032.

Samsung Biologics intends to invest 7 trillion won in the construction of four new plants on the site near the company headquarters. The new campus is roughly 30% larger than the nearby first campus. The company currently operates three plants and is building a fourth on the original campus.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Additionally, the biotech firm plans to expand its production facilities in response to the rapidly increasing global contract development and manufacturing organization (CDMO) demand. The company is a leading CDMO specializing in developing and manufacturing biopharmaceutical products for major pharmaceutical companies domestically and internationally.

From 2011 to 2018, the firm built three manufacturing plants with a combined capacity of more than 360,000 liters, making it the world’s largest contract-based manufacturer in the biopharmaceutical sector on a single site. Samsung Biologics has had a research and development center in San Francisco, California, since 2020.

It formed Samsung Bioepis, a biosimilar medicine producer, with Biogen in 2012. In 2022, the company purchased all remaining shares from Biogen for $2.3 billion, resulting in full ownership of Samsung Bioepis. Samsung Biologics became the first contract manufacturing organization to receive ISO 27001 certification in November 2019. Stay connected with TechGenyz as we bring you the latest updates in the Tech world.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS Nothing Phone Enters US with Beta Membership Program
Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India POCO C50 Launched in India