Distinguished guests, ladies and gentlemen.
Welcome to the 3rd Seoul International New Drug Forum.
Co-hosted by first-class business daily The Financial News and Korea Research Institute of Chemical
Technology, and sponsored by the Korean Ministry of Education, Science and Technology; Ministry of
Knowledge Economy and Ministry of Health and Welfare, this forum under the theme “The Perspective
of Biotech and Pharmaceutical Discovery and Innovation within the Next Decade” is held to discuss
future strategies in global development of new innovative drugs.
The Seoul forum has been a place of cooperation for the advancement of Korean pharmaceutical industry
and to improve its competitiveness.
An issue brought up during the first forum was selected as one of government’s major policy and has led
to three government ministries having set up a joint new drug development support system. Also the
Korean government has designated bio new drug as one of the country’s new growing industries and has
promised investment and support.
The development of new drugs is now not a choice but essential in surviving today’s pharmaceutical
industry. Developing global new drugs is the only way for the future of Korean pharmaceutical market.
Last year, the domestic industry developed a new drug for the fifteenth time overcoming the limited size
and the rapidly changing environment.
Korean new drugs are now aiming overseas and exports are now being realized.
The pharmaceutical industry is a highly value-added one requiring excellent talents and core, essential
technologies. As the population ages and new diseases increase, it is becoming more important than
ever. It is time for the Korean pharmaceutical industry to show results from the many challenges and its
hidden potentials. I wish during this forum that domestic pharmaceutical industry will be able to find
strategies and plans to reach out to the world.
Once again, I welcome you with a joyful heart and wish all participants a good health.
Thank you very much.
Seong C. Gweon
The Financial News