Samsung Biologics Acquires Site for 2nd Bio Campus in Songdo, Incheon
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[Asia Economy Reporter Myung-hwan Lee] Samsung Biologics announced on the 29th that it has decided to acquire land and buildings within the Advanced Industrial Cluster of Songdo International City from the Incheon Free Economic Zone Authority for the purpose of purchasing the site for its 2nd Bio Campus.
The acquisition price is 426 billion KRW, which corresponds to 5.35% of the total assets. The scheduled acquisition date is April 30, 2025.
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Samsung Biologics stated, "The above case is for the purchase of land for the 2nd Bio Campus, and our company has been selected as the preferred negotiation partner and is currently negotiating to conclude the land sales contract."
This content was produced with the assistance of AI translation services.
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