Woo Sang-ho pledges continued support for Samsung Medison and other medical device firms
Samsung Medison, the top medical device exporter in South Korea and the source of 40 percent of Gangwon Province's medical device exports, has completed an expansion of its factory in Hongcheon-gun.
The company held a completion ceremony Friday at its Hongcheon site in Nam-myeon, attended by about 50 officials and guests, including Gangwon Special Self-Governing Province Governor Woo Sang-ho, National Assembly member Yoo Sang-bum, provincial assembly Speaker Park Gil-seon and Hongcheon-gun Mayor Shin Young-jae.
"Samsung Medison is a homegrown company that has grown alongside our community — creating jobs for local youth, energizing the regional economy and leading the domestic medical device industry as a key anchor enterprise," Governor Woo said. "Gangwon Special Self-Governing Province will do everything it can to support the growth of Samsung Medison and other local medical device companies going forward."
Construction on the expansion began in September 2025 and was completed in August 2026, with a total project cost of about 48 billion won ($36 million).
The expanded floor area covers 11,523.56 square meters. Through the expansion, Samsung Medison aims to strengthen its ultrasound diagnostic device production base and meet growing demand in global markets.
Founded in Hongcheon in 1985, Samsung Medison is one of South Korea's leading medical device venture companies. Samsung Electronics acquired it in 2010, after which the company steadily built its competitiveness in global markets. More recently, it has been sharpening its product edge through advances in AI-based diagnostic assistance and technological innovation.
The company has posted sales growth for three consecutive years and channels 16 percent of its revenue into research and development, keeping it at the forefront of innovation.
Gangwon Special Self-Governing Province has been backing the sector's growth through a range of national projects — including AI-driven digital healthcare technology development and international certification support for overseas expansion — and ranks second nationally in medical device exports and third in production.
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