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According to Yonhap News,
The export value of bio-related companies in Chuncheon, Gangwon-do has increased by an average of 15.4% per year over the past five years.
The Chuncheon Bio Industry Promotion Agency said on March 4 that it had reviewed exports of 62 bio-related companies in the region, calculated at a total of KRW 283.9 billion.
It shows an average annual growth rate of 15.4% over the past five years, increasing from KRW 160 billion in 2017.
The Chuncheon Bio Industry Promotion Agency is set to carry our a project aiming to promote the market expansion of bio-related companies this year.
With this project, Gangwon-do and Chuncheon-si will support KRW 3 billion budget from this year to 2026.
It is planned to support bio companies in Chuncheon, and then be expanded to bio companies in Gangwon-do next year.
Major support will cover overseas certification, discovery of buyers, translation for products, and exhibitions.
hak@yna.co.kr
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Source: Yonhap News (March 4, 2022)
** This article was translated from Korean.