Korea: Life Sciences & Biotechnology“ Event

On November 9th 2023, the Federal Ministry of Economics in cooperation with the German Health Alliance (GHA) organized a side event at BIO-Europe in Munich with the title: "Korea: Life Sciences & Biotechnology - Opportunities for German Companies".

Ben Schalke (Senior Director, International Partnering & Sourcing, Midas Pharma) acted as the moderator and also spoke about his personal professional experiences in dealing with Korean biotech companies. In addition to representatives from Germany Trade & Invest (GTAI), the Chamber of Commerce Abroad and the renowned law firm Gleiss Lutz, our organizational team was particularly pleased to welcome Ms. Jurie Hwang, Director, Intl. Affairs Division, KoreaBIO.

In a lively exchange with the visitors of the event, we discussed the growth plans of Celltrion, Samsung and SK, as well as the numerous start-up companies. It is clear that Korea is significantly expanding its production capacity and becoming a world leader.
Furthermore Korea is increasingly developing innovative biopharmaceutical products entirely in-house in addition to biosimilars. The newly created location of Songdo in the city of Incheon is becoming a growing important hub of the Korean biotech industry, where well-known companies from the USA and Europe are settling as well as various local companies.
For German enterprises in particular, further business opportunities are emerging, e.g. in the field of laboratory services, raw material supplies and contract manufacturing.

Midas will continue to be involved in Korea's flourishing biotech sector and in deepening business relationships between our two countries.

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Ben Schalke

Ben Schalke

International Division
Senior Director International Partnering & Sourcing

Midas Pharma GmbH
Rheinstr. 49
55218 Ingelheim
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