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[ Invest Seoul ] Seoul Industry Report - Bio/Medical
Date: 2023-11-02

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Seoul opens the Future of Biomedical Industry

Seoul metropolitan government invest intensively in the biomedical industry.

No.1 City Seoul Clinical trial market share for 5 consecutive years

The government operates 17 clinical trial centers across the country.

Standardization of clinical trials addresses safety and ethical issues.

Seoul with the Best Environment for the Biomedical Industry

  • Biomedical cluster Hongneung, Seoul
  • BT+IT, Seoul with active convergence of technologies
  • Korean venture capital (VC), 1st place in investment by industry Biomedical Sector
  • Medical big data of 50 million people nationwide

Biomedical Companies Leading Innovation

  • LG Chem

    Brand Value Global TOP3

    Top-notch pipeline in Korea

  • Standigm

    Biomedical startup in Seoul TOP 3 in the cumulative investment attraction

  • HUINNO

    1st place in Global Artificial Intelligence (AI) Competition

  • geninus

    CancerSCAN with a Korean market share of over 50%

Practicing ESG Management in the Biomedical Industry

  • Macrogen

    Established ESG Committee for the first time in the industry

    Contributed to the Ministry of National Defense's remains excavation project with the excellent genome analysis technology

  • Boryung

    Implemented upcycling of waste medicine containers for the first time in the industry

    Support for the protection of natural and cultural landscapes in national parks

Seoul's Efforts for Biomedical Industry

  • Creation of Hongneung Biomedical Cluster

    Hongneung R&D Anchor Seoul Bio Hub

    Hongneung BT-IT Convergence Center

  • Seoul with Excellent Partners

    • seoul samsung hospital
    • seoul asan medical center
    • KIST

    Korea's major university hospitals and general hospitals are concentrated in Seoul.

    MOU with 13 universities and research institutes in Hongneung

  • Open Innovation with Global Big Pharma

    NOVARTIS

    Seoul Innovation QuickFire Challenge

    Health X-Challenge Seoul