BioPlus Participates in Key Hainan Free Trade Project in China

Selection of Project Company for Gangdong New District in Haikou City

[Asia Economy Reporter Seo Sojeong] BioPlus, a domestic bio company, announced on the 5th that it participated in the "Hainan Free Trade Port Key Project Signing Ceremony" held on the 13th of last month in Haikou City, a key development area in Hainan Province, and was selected as one of the eight companies participating in the Gangdong New District project in Haikou City.

In addition to BioPlus, the project includes China's electric company Huazhen Group, Changjiang Three Gorges Group, national energy investment groups, Alibaba's distribution network subsidiary, and the American company General Electric (GE).

The Gangdong New District, a new urban development area in Haikou City, the capital of Hainan Province, consists of a coastal skyscraper area facing the Chinese mainland, a commercial district in the hinterland, and an international airport.

BioPlus, the only Korean company to participate in the signing ceremony, was officially approved to provide approximately 16,200 square meters of land in a prime location mainly occupied by shopping malls, specialized jewelry stores, luxury cosmetics, and duty-free shops.

Having completed company establishment procedures in Hainan on the 24th of last month, BioPlus plans to simultaneously build a medical hospital that produces various therapeutic medical material products using biomaterials, including fillers and aesthetic products this year, and applies them clinically.

A BioPlus official stated, "The next step is to establish a medical hospital operating a luxury beauty and aesthetic platform that performs research and development, production, clinical research, and treatment all in one place," adding, "This hospital will be operated by renowned Korean plastic surgeons, famous for K-Beauty."

Jung Hyung-gyu, CEO of BioPlus, said, "By establishing ourselves in the core of Haikou Gangdong New District, the most important area in Hainan Province being developed as a free trade port in China, and securing a foothold for expansion into China and Asia, we will rise as a leading company in the global beauty and aesthetic industry."

BioPlus is commercializing filler products, anti-adhesion agents, and synovial fluid, and is currently undergoing the process of listing on KOSDAQ.

This content was produced with the assistance of AI translation services.