Daegu-Gyeongbuk Free Economic Zone Authority Attracts Companies at Korea's Largest Bio and Pharmaceutical Convention

The Daegu-Gyeongbuk Free Economic Zone Authority (Commissioner Kim Byungsam) announced on the 19th that it operated the DGFEZ promotional booth at the ‘2024 BioPlus Interphex Korea’ (hereafter, BIX), held at EXCO from the 10th to the 12th, to promote the investment strengths of the Daegu-Gyeongbuk Free Economic Zone in the bio and pharmaceutical sectors and to conduct consultations for attracting companies.

This year’s BIX, the largest comprehensive bio and pharmaceutical convention in Korea, saw participation from 232 companies across 15 countries, the largest scale in its history, including global contract development and manufacturing organizations (CDMOs) such as Samsung Biologics and Lonza, as well as global bio material and equipment companies like Merck and Thermo Fisher Scientific. The event attracted 10,000 visitors.

2024 BioPlus Interphex Korea Investment Company Consultation Site.

At this BIX exhibition, the DGFEZ promotional booth focused on promoting and attracting investment for the Sinsa Advanced Medical District and the Pohang Convergence Technology Industrial District, which are being developed as key hubs for the bio and pharmaceutical industries. The authority identified numerous companies interested in investment and engaged in in-depth investment consultations.

In particular, the Pohang Convergence Technology Industrial District is gaining attention as a new hub for biopharmaceutical R&D and venture startups, with the world’s third ‘Membrane Protein Research Institute’ established after Germany and the United States, the nation’s first plant vaccine commercialization facility ‘Green Vaccine Demonstration Support Center,’ and the ‘Knowledge Industry Center,’ a specialized space for ventures and SMEs. In addition, facilities such as the ‘Green Bio Venture Campus’ to support bio venture startups, the ‘Marine Bio-Medical Demonstration Center,’ and the ‘Animal Medicine Production Center’ are being established.

Based on this infrastructure, the district was designated last month on the 27th as a ‘National High-Tech Strategic Industry Specialized Complex in the Bio Sector’ by the Ministry of Trade, Industry and Energy, which is expected to accelerate the creation of a global bio hub.

Kim Byungsam, Commissioner of the Daegu-Gyeongbuk Free Economic Zone Authority, said, “Participating in this BIX was a great opportunity to actively promote the strengths of DGFEZ’s bio and pharmaceutical industries to global and metropolitan area companies. Taking the designation of the Pohang Convergence Technology Industrial District as a National High-Tech Strategic Industry Specialized Complex as a new starting point, we will make even greater efforts to attract promising companies.”

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