Samsung Medison Completes Hongcheon Plant Expansion, Investing 48 Billion Won to Boost Ultrasound Production

【Financial News, Hongcheon = Kim Gi-seop, Staff Writer】 Samsung Medison has completed the expansion of its Hongcheon plant at a cost of 48 billion won, significantly expanding its production base for ultrasound diagnostic equipment.
According to Gangwon State Government on the 13th, the completion ceremony for the expansion of Samsung Medison’s Hongcheon plant was held at 2 p.m. that day at the Hongcheon business site in Nam-myeon, Hongcheon County. About 50 people attended, including Woo Sang-ho, Governor of Gangwon State; National Assembly member Yoo Sang-bum; Park Gil-seon, chair of the provincial council; Hongcheon County Governor Shin Young-jae; and Samsung Medison CEO Yu Gyu-tae. They celebrated the completion and pledged to promote mutually beneficial growth in the local medical device industry.
Construction on the expansion began last September and was completed in August this year. Five buildings, including an ultrasound manufacturing building and an administration office building, were added, with a total building area of 11,523 square meters. The company plans to use its increased production capacity to meet global demand for ultrasound diagnostic equipment. The ceremony concluded with a performance in which a finished product was signed and then loaded onto a forklift for shipment, following a progress report and a tour of the facilities.


Founded in Hongcheon in 1985, Samsung Medison is one of South Korea’s leading medical device venture companies. Since being acquired by Samsung Electronics in 2010, it has strengthened its competitiveness in global markets. Revenue has risen for three consecutive years, and the company invests 16% of its revenue in R&D to advance AI-based diagnostic assistance functions. It is Korea’s top medical device exporter, accounting for 40% of the province’s medical device exports.
Gangwon State supports business growth through national projects, including the development of AI-based digital healthcare technologies and assistance with international certifications needed for overseas expansion. The province’s medical device industry currently ranks second nationwide in exports and third in production.
“Samsung Medison, which started out in Hongcheon about 40 years ago, is an anchor company that accounts for 40% of the province’s medical device exports and has helped grow both youth employment and the local economy,” said Woo Sang-ho, Governor of Gangwon State. “We will spare no effort in supporting AI technology development and overseas expansion so that this expansion leads to a leap forward for the entire medical device industry in Gangwon.”

[email protected] Kim Gi-seop Reporter