Chong Kun Dang to Invest 2.2 Trillion Won in Siheung Bio, Pharma Complex

According to The Korea Herald, Chong Kun Dang will invest 2.2 trillion won ($1.64 billion) to build a bio and pharmaceutical industrial complex in the Baegot planned community in Siheung, Gyeonggi Province. The Gyeonggi Free Economic Zone Authority said Sunday that the project received conditional approval at the seventh integrated building and traffic review committee meeting, and that the integrated review is expected to streamline administrative procedures and speed up the project.