Yuhan Corporation is working together with Gunpo City, South Korea to create a high-tech bio research base and CMC center in the industrial area of Dangjeong-dong, Gunpo. Yuhan Corporation will make an investment of approximately 80 billion Won ($66.7M USD) towards the bio research center and CMC center project. Through the establishment of this bio research center and CMC center, Yuhan Corporation expects to strengthen its research capabilities such as cell line development and process development of biologics, as well as development of protein and antibody drugs. Yuhan Corporation and Gunpo City also aim to develop the bio research center and CMC center into a hub for biopharmaceutical R&D centered on Yuhan Corporation by promoting the attraction of research facilities of other biopharmaceutical companies. Yuhan Corporation plans to start construction in the second quarter of 2023 and start operation from the second quarter of 2025.
Link to original article (Korean): https://moneys.mt.co.kr/news/mwView.php?no=2022021714368022081&outlink=1