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

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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

The word “COVID-19” is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS FILE PHOTO

SEOUL — South Korea’s SK bioscience said on Monday it plans to expand vaccine production by investing about 150 billion won by 2024 to add production capacity, as well as equipping its plant to make newer mRNA and viral vector vaccines. 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 southeast of Seoul, to expand its plant there and buy new land.SK bioscience said it plans to add some 99,130 square meters of additional production space in the area.FEATURED STORIES

 

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