Wednesday, Oct. 4, 2023, IFEZ announced that Lotte Biologics and Lotte Biologics Bio in Section 11 of Songdo International CityIt signed a land sale contract for the construction of a drug plant. With the signing of this contract, Lotte Biologics' biopharmaceutical research and development and manufacturing facilities will be built on the site of Ki20 (202,285㎡) in Songdo International City 11.