IFEZIncheon Free Economic Zone (region in South Korea encouraging foreign investment)
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The figures prove the strong growth potential of the bio industry," IFEZ Commissioner Kim Jin-yong said at the symposium earlier this month.
To mark the 15th anniversary since the city was designated a free economic zone, the IFEZ will introduce a new vision and goals for future.
Reclaimed from the West Sea, Songdo is part of the IFEZ, and the coastal city is also home to other global biopharmaceutical companies including Samsung BioLogics and Celltrion.
The Incheon Free Economic Zone (IFEZ) was the first in Korea.