Pohang City Rises as a Global New Drug and Vaccine Hub... Accelerating the Creation of a Green Bio New Industry Ecosystem

Agreement Among 11 Industry-Academia-Research-Government Institutions for Fostering Convergent New Industries

The Green Vaccine Demonstration Support Center completion ceremony is taking place.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Pohang City, Gyeongbuk is accelerating efforts to establish a foundation for becoming a global hub city for new drugs, vaccines, and health, as well as to create an ecosystem for the green bio new industry.

The city, together with Gyeongbuk Province, is making every effort to secure new momentum for job creation and economic growth in the region by fostering the bio-health industry that leads the 4th Industrial Revolution era.

So far, Pohang City and Gyeongbuk Province have shown great interest in the green bio sector, which combines economic feasibility, stability, and speed, by hosting events such as the Next-Generation Green Vaccine Strategy Symposium in 2016, the International Conference on Plant-Based Protein Drug Development in 2017, the Green Bio Industry Forum in 2019, a customized technology commercialization support project for plant-based biopharmaceutical companies for five years starting in 2019, and the Green Vaccine Forum in 2021.

In March, the 'Green Vaccine Demonstration Support Center,' the nation's first green vaccine production facility selected in 2018 by the Ministry of Agriculture, Food and Rural Affairs' public contest for the 'Plant Vaccine Company Support Facility Construction Project,' was completed, enabling focused cultivation of the green bio industry.

At the completion ceremony of the Green Vaccine Demonstration Support Center, a business agreement was signed among a total of 11 organizations, including Gyeongbuk Province, Pohang City, Pohang Technopark, Gyeongbuk Bio Industry Research Institute, Pohang University of Science and Technology, Handong University, and five green bio companies residing in the Green Vaccine Demonstration Support Center.

Mayor Lee Kang-deok stated, "Pohang, which is focusing on fostering innovative growth industries of '3 (secondary batteries, bio, hydrogen) + 1 (steel advancement),' will secure world-class competitiveness through the creation of a green bio ecosystem and lay the foundation for its leap as a 'global new drug and vaccine production hub city, Pohang.'"

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