KIMES 2024 Concludes... "Achieving $10 Million Export Contract"

The largest domestic event where international medical device trends can be seen at a glance, the International Medical Device & Hospital Equipment Exhibition ‘KIMES 2024,’ concluded with export contracts worth 10 million USD (approximately 13.4 billion KRW).

On the morning of the 14th, visitors are moving around at 'KIMES 2024' held at COEX in Gangnam-gu, Seoul.
[Photo by Yeom Da-yeon]

Korea E&X, the co-host of KIMES, announced on the 20th, "At the 2024 Global Medical Device Export Consultation held jointly with the Korea Trade-Investment Promotion Agency (KOTRA) during KIMES, we achieved meaningful results including export contracts exceeding 10 million USD."

Held over three days from the 14th to the 17th at COEX in Gangnam-gu, Seoul, this year’s KIMES 2024 was co-hosted by Korea E&X, the Korea Medical Devices Cooperative, and the Korea Medical Devices Industry Association, attracting over 70,000 domestic and international visitors. More than 1,350 domestic and foreign manufacturers participated, showcasing a total of over 35,000 various medical-related products.

In particular, the export consultation saw over 1,800 export discussions through matching between buyers from 40 countries worldwide and domestic companies. This resulted in export contracts worth over 10 million USD, doubling last year’s figure, including a 1 million USD export contract for laparoscopic robotic surgical devices.

Kim Jeong-jo, CEO of Korea E&X, said, "We will continue to strive to ensure that KIMES serves not only as a simple exhibition but also as a foothold to support domestic companies in pioneering overseas markets and entering the global medical device market."

The opening ceremony of 'Medical Korea 2024' held at COEX, Gangnam-gu, Seoul, on the morning of the 14th is underway.
[Photo by Korea Health Industry Development Institute]

Meanwhile, the Ministry of Health and Welfare and the Korea Health Industry Development Institute also held Medical Korea 2024 at COEX on the 14th and 15th during the event period. Under the theme "Healthcare for All: A New Exploration Toward a Barrier-Free World," this event attracted 4,460 attendees from 69 countries, an increase from last year. The event began with keynote speeches by Professor Lee Jin-hyung, a lifetime professor at Stanford University and founder of the brain disease diagnosis company LVIS, and Glenn Verboso, Senior Vice President of Intuitive Asia Pacific, followed by nine forums and seminars.

The event also yielded results through high-level intergovernmental meetings between the Ministry of Health and Welfare and health ministers and vice ministers from key partner countries such as Paraguay, Mongolia, and Turkmenistan. Discussions were held with Mongolia and Turkmenistan on strengthening medical personnel training and medical service cooperation, and a Memorandum of Understanding (MOU) on health and medical cooperation between Korea and Paraguay was signed with Paraguay’s Ministry of Public Health and Social Welfare. Additionally, agreements were announced including the signing of a memorandum of understanding to expand medical personnel training programs between the Development Institute and the Saudi Arabian Ministry of Education, and a business agreement in international medical tourism between the Korea International Medical Association and the China Non-Governmental Medical Institutions Association.

Cha Soon-do, President of the Korea Health Industry Development Institute, said, "This year’s event confirmed significant interest in global healthcare and international medical tourism. We will continue to lead global healthcare industry trends and support Medical Korea to serve as a platform for knowledge and business exchange among healthcare professionals."

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