# Poonglim Pharmatech to invest $16.2M in new plant in Saemangeum

Poonglim Pharmatech signed an agreement to invest KRW 19.5 billion ($16.2 million) to construct a 4th plant on 132,000㎡ in Saemangeum Industrial Complex, South Korea, creating 70 jobs.

- Type: Investment
- Announced: 2022-01-26
- Where: Saemangeum Industrial Complex, Gunsan, South Korea, South Korea
- Value: $16.2M (19.5B KRW)
- Jobs: 70
- Status: announced
- Products: pharmaceutical products, diagnostic medical devices, syringes
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

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

## Sources

- [saemangeum.go.kr](https://www.saemangeum.go.kr/sda/en/brd/view.do?key=2010214904338&nttSn=6323), 2022-01-26: "Poonglim Pharmatech will start constructing their 4th plant on 132,000㎡, investing KRW 19.5 billion ($16.2 million) at Saemangeum Industrial Complex in June, and will hire 70 employees."

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