Meeting Held to Explore Measures for Revitalizing Export of Martial Arts and K-Bio

'The 5th Industry Relay Meeting for Export Expansion' Held

On the 12th, the Korea International Trade Association held the "5th Industry Relay Meeting for Export Expansion" at the Trade Tower in Samseong-dong, Seoul, chaired by Jeong Manki, Vice Chairman of the KITA. This meeting was organized to identify the on-site difficulties faced by the bio export industry. Attendees included Na Seonghwa, Deputy Head of the One-Stop Export and Order Support Group, representatives from the Korea Bio Association, Korea Medical Device Cooperative, Korea Digital Health Industry Association, and other related organizations. Bio industry stakeholders such as Medytox and Three Billion were also present.

In his opening remarks, Vice Chairman Jeong said, "The export situation in the second half of the year is expected to be unfavorable," adding, "To expand the export industry base, it is important to grow new industries such as the bio industry in the long term and to resolve key regulations that hinder exports and investments." He continued, "Our export products are shifting from simple goods to complex, technology-intensive products such as pharmaceuticals and bio products that require certification from export countries," emphasizing that "export support systems need to be advanced."

During the subsequent sector-specific discussions, participating companies proposed various suggestions to revitalize bio industry exports. Geum Changwon, CEO of Three Billion, stated, "Most export support is limited to pharmaceuticals or medical devices," and added, "Since in vitro diagnostic services often do not receive support, medical services should also be included as targets for export support."

Bae Mincheol, Secretary General of the Korea Digital Health Industry Association, evaluated, "The digital healthcare industry reached 1.8227 trillion KRW in 2021, an increase of about 35% compared to the previous year," and said, "It is growing rapidly, so the outlook is bright." He further noted, "When exporting medical software, the use of overseas data is important, but since data export is difficult, international cooperation is crucial," adding, "International cooperation should be strengthened to utilize overseas bio big data such as the UK Biobank."

Deputy Head Na mentioned, "We will actively consult with relevant ministries to resolve the difficulties and suggestions raised today." The Korea International Trade Association also plans to prepare specific policy alternatives regarding the issues raised at the meeting and propose them to the relevant ministries.

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