# Poonglim Pharmatech to build medical device plant in Saemangeum, South Korea

Poonglim Pharmatech signed an MOU with the Saemangeum Development Agency to invest 17.8 billion won in a new medical device and medical supply plant in Saemangeum Industrial Complex, South Korea. Construction is planned by 2021, creating 60 new jobs.

- Type: New facility
- Announced: 2018-06-04
- Where: Saemangeum Industrial Complex, Jeollabuk-do, South Korea, South Korea
- Value: $16.0M (17.8B KRW)
- Jobs: 60
- Starts operating: 2021
- Status: announced
- Products: medical supplies, medical devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Poonglim Pharmatech](https://endata.com/companies/32343.md)

## Sources

- [ir.newspim.com](https://ir.newspim.com/news/view/20180604000373), 2018-06-04: "We will do our best to become a world-class company in the medical device field based on Saemangeum, which will be the pride of Jeollabuk-do and the growth engine of South Korea."
- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/8343009), 2018-06-05: "We’ll keep up efforts to become a global leader in the medical device industry based on the new production lines in the Saemangeum area."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.