Pohang City Hosts Bio and Healthcare Business Exchange Event ... Fostering a Bio Ecosystem

Over 40 Bio and Healthcare Companies Discuss Building Win-Win Growth and Cooperation Systems

Activating Inter-Company Networks, Creating a Collaborative Ecosystem in the Biohealth Industry

Pohang City held the ‘Pohang Bio·Healthcare Company Exchange Meeting’ on the 27th at ChangeUP Ground to promote mutual growth through the establishment of a cooperative system among companies and to build a bio-industry ecosystem in Pohang.

On the 27th, Pohang City held the 'Pohang Bio·Healthcare Company Exchange Meeting' at Change Up Ground.

The exchange meeting was attended by Pohang City, about 40 local bio companies, POSCO Holdings, POSTECH, Handong University, Pohang Technopark, and other industry-academia-research-government stakeholders, aiming to activate voluntary networks among companies to create a win-win bio-industry ecosystem.

Additionally, the participants shared time to discuss and build consensus on the companies’ difficulties, the future formation of a Pohang bio-company council, and development plans for the local bio-industry.

At the meeting, Pohang City explained key ongoing projects, including attracting the ‘POSTECH Research-Oriented Medical School’ to establish a national bio-industry new growth value chain through training physician-scientists, and applying for the ‘National Advanced Strategic Industry Specialized Complex’ in the bio sector following the secondary battery industry, drawing significant interest from participating companies.

Furthermore, Cho Sung-hwan, CTO of NanoSelect (a U.S. bio-venture company), and Kim Bong-hyun, Vice President of Bodax Bio (a NASDAQ-listed company), shared their experiences in founding and growing bio companies in the U.S. and the structure of the U.S. bio ecosystem, offering suggestions for successfully creating a bio-company ecosystem in Pohang.

Kwon Hyuk-won, Director of the City’s Job and Economy Bureau, stated, “Pohang has long focused on the biohealth sector as a future growth industry for the region and is continuously investing in fostering the biohealth industry. The success of Pohang’s biohealth industry depends on the growth of companies and the establishment of a virtuous cycle ecosystem for the industry. We will continue to create a mutually beneficial structure through communication with companies.”

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