S.Korea’s SK bioscience to invest $132 million to boost vaccine production

South Korea’s SK bioscience said it plans to expand vaccine production by investing about 150 billion won ($132 million) by 2024 to add production capacity. | @reuters

6/21/2021 10:58:00 AM

South Korea’s SK bioscience said it plans to expand vaccine production by investing about 150 billion won ($132 million) by 2024 to add production capacity. | reuters

SEOUL -- South Korea's SK bioscience said on Monday it plans to expand vaccine production by investing about 150 billion won ($132 million) by 2024 to add production capacity, as well

/ 02:25 PM June 21, 2021The word “COVID-19” is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS FILE PHOTOSEOUL — South Korea’s SK bioscience said on Monday it plans to expand vaccine production by investing about 150 billion won ($132 million) by 2024 to add production capacity, as well as equipping its plant to make newer mRNA and viral vector vaccines.

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The vaccine maker said in a statement it has signed an agreement with the government of North Gyeongsang Province and the city of Andong, about 190 km (118 miles) southeast of Seoul, to expand its plant there and buy new land.ADVERTISEMENTSK bioscience said it plans to add some 99,130 square meters of additional production space in the area.

Its Andong plant produces COVID-19 vaccines developed by AstraZeneca Plc and Novavax Inc. Read more: Inquirer »

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