Gyeongbuk Pohang-si Transforms into a Global Hub for New Drugs and Vaccines

Providing Production and Research Space for Green Vaccines

Lee Gang-deok, Mayor of Pohang (first from the right in the front row), is touring the Green Vaccine Demonstration Support Center. [Image source=Pohang City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] On the 16th, Pohang City in Gyeongbuk held a completion ceremony for the ‘Green Vaccine Demonstration Support Center,’ which will be the hub for fostering the green bio industry, in the Pohang Convergence Technology Industrial Complex area, and officially began its operation.

The Green Vaccine Demonstration Support Center is the first domestic green vaccine production enterprise support facility established to intensively foster promising green bio industries.

The Ministry of Agriculture, Food and Rural Affairs, Gyeongbuk Province, and Pohang City have invested a total of 17.7 billion KRW since 2018, and the center will be operated by Pohang Technopark.

The center consists of a closed-type plant factory necessary for green vaccine production and demonstration, an animal medicine production facility for injectable formulations, an animal efficacy evaluation facility, and enterprise support spaces where companies can move in and conduct research.

Additionally, various programs to support enterprise growth will be developed to maximize efficiency through the agglomeration of green vaccine companies.

The ‘Mutual Business Cooperation for Fostering the Green Bio New Industry’ agreement involved Gyeongbuk Province, Pohang City, Pohang Technopark, and five green bio companies residing in the Green Vaccine Demonstration Support Center.

Through this agreement, joint projects for the development of the green vaccine and green bio industries and the fostering of small and venture enterprises will be discovered and carried out.

Lee Kang-deok, Mayor of Pohang City, stated, “We expect not only the enhancement of national science and technology competitiveness through fostering global green vaccine companies but also the revitalization of the local economy through the creation of new regional industries.”

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