Sam­sung’s CD­MO arm com­mits to $324M land pur­chase for a sec­ond bio cam­pus

As in­vest­ments in­to CD­MOs are gain­ing steam from sev­er­al South Ko­re­an and Japan­ese con­glom­er­ates, Sam­sung is mak­ing a big land grab.

On Mon­day, Sam­sung Bi­o­log­ics, the CD­MO arm of the Ko­re­an con­glom­er­ate, an­nounced that it has of­fi­cial­ly signed a land pur­chase agree­ment with the In­cheon Free Eco­nom­ic Zone to sup­port the build-out of its sec­ond bio cam­pus, dubbed Bio Cam­pus II. Sam­sung stat­ed that the 3.8 mil­lion square foot land pur­chase is val­ued at about $324 mil­lion. The land, which is lo­cat­ed with­in the Song­do In­dus­tri­al Clus­ter, will be 30% larg­er than the com­pa­ny’s cur­rent cam­pus.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER