Samsung Medison Expands Hongcheon Plant with 48 Billion Won Investment to Boost Ultrasound Production Capacity

Samsung Medison adds 11,524 square meters to meet overseas demand
Accounts for 40% of Gangwon's medical device exports
Governor Woo Sangho: "Will support growth of local medical device companies"

Samsung Medison has expanded its Hongcheon plant in Gangwon State at a cost of about 48 billion won. The expansion will increase its production capacity for ultrasound diagnostic equipment to meet overseas demand.

Gangwon Special Self-Governing Province Governor Woo Sangho (sixth from left) and attendees at the completion ceremony stand in front of the first shipment vehicle at Samsung Medison's Hongcheon plant in Nam-myeon, Hongcheon-gun, Gangwon, on the 13th, applauding the first shipment of ultrasound diagnostic equipment from the expanded facility. Provided by Gangwon Province.

Samsung Medison held a completion ceremony for the plant expansion on the 13th at its Hongcheon facility in Nam-myeon, Hongcheon County. About 50 people attended, including Gangwon State Governor Woo Sangho, National Assembly member Yoo Sang-beom, Gangwon State Council Chair Park Gil-seon and Hongcheon County Governor Shin Yeong-jae.

Construction on the expansion began in September last year and was completed in August this year. The expanded building has a floor area of 11,523.56 square meters.

According to Gangwon State, Samsung Medison, founded in Hongcheon in 1985, is one of South Korea's leading medical device venture companies and accounts for about 40% of the province's medical device exports.

Its sales have increased for three consecutive years, and it invests 16% of its revenue in research and development. Since being acquired by Samsung Electronics in 2010, it has strengthened its competitiveness in the global market. It is also advancing artificial intelligence (AI)-based diagnostic support functions for ultrasound diagnostic equipment.

Gangwon State supports the development of AI-based digital healthcare technologies and the acquisition of international certifications needed for overseas expansion. According to the province, Gangwon ranks second nationwide in medical device exports and third in production.

Gangwon Special Self-Governing Province Governor Woo Sangho looks at an ultrasound diagnostic device while touring the inside of the factory at the completion ceremony for an expansion of Samsung Medison’s Hongcheon plant in Nam-myeon, Hongcheon-gun, Gangwon Province, on the 13th. Courtesy of Gangwon Province.

Governor Woo said, "Samsung Medison has grown alongside the region by creating jobs for local young people and contributing to the revitalization of the local economy. We will continue to provide strong support for the growth of Samsung Medison and other local medical device companies."

This content was produced with the assistance of AI translation services.