AmCham Hosts the '12th Healthcare Innovation Seminar 2021'

[Asia Economy Reporter Yoonju Hwang] The American Chamber of Commerce in Korea (AMCHAM) exchanged opinions with key figures from academia and industry on the theme of "The Direction South Korea Should Take in the New Era of Innovation in Global Health and Medical Fields."

On the 17th, AMCHAM held the 12th AMCHAM Healthcare Innovation Seminar both online and offline at the Four Seasons Hotel Seoul.

James Kim, Chairman and CEO of AMCHAM, stated, "Thanks to the tireless efforts of medical staff, health officials, and researchers on the front lines of quarantine, as well as the timely measures taken by the Korean government, we have reached an important moment to begin a more open and constructive dialogue about changes in the health and medical industry."

Seongju Kim, Secretary of the National Assembly’s Health and Welfare Committee, said in a congratulatory video, "Investment and cooperation in research and development in health and medical industries such as pharmaceuticals and bio sectors, which can respond to the prolonged COVID-19 pandemic and the emergence of new infectious diseases, are essential," adding, "We will also actively seek solutions to the difficulties faced by domestic and international healthcare companies."

Sungil Yang, 1st Vice Minister of the Ministry of Health and Welfare, said, "The health industry, including pharmaceuticals and medical devices, has been a genuine growth engine for our country, showing an average annual growth rate of 9% over the past five years," and added, "We plan to proactively pursue regulatory innovation, especially in fields with high contributions to public health promotion and growth potential, such as the biohealth sector."

In the panel discussion chaired by Dongwook Lee, Advisor at the law firm Sejong, panelists included Sunman Kwon, President of the Korea Health Industry Development Institute; Dongwook Hyun, President of Baxter Korea; and Dongwook Oh, Chairman of the Korea Global Pharmaceutical Industry Association. They engaged in an in-depth discussion on the topic of "Building a Healthcare System Post-COVID-19 Considering Patient Accessibility and Innovation." Following this, Changjin Hong, Director of Investment Attraction Division at Jeju Provincial Government, gave a special presentation on Jeju’s investment environment, support systems, and new growth industries such as the bio industry, actively explaining Jeju’s investment value.

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