Goh Han-seung, Bio Association Chairman: "National Bio Committee, New Opportunities for Industry"

Through a New Year's Message Posted on the Website

Goh Han-seung, President of the Korea Bio Association

Go Han-seung, Chairman of the Korea Bio Association, stated on the 3rd, "The National Bio Committee will provide new opportunities for the domestic bio industry."

In his New Year's message posted on the Korea Bio Association website that day, Chairman Go said, "With the launch of the National Bio Committee, our government will focus on fostering not only Red Bio and Digital Convergence Bio but also Green Bio and White Bio."

The National Bio Committee, a presidential advisory body, was launched on the 23rd of last month. It is set to function as the control tower overseeing domestic bio policies. The bio industry is classified into Red, Green, and White Bio according to application areas: Red Bio refers to biopharmaceuticals and healthcare; Green Bio includes customized innovative foods, biological resources, and plant factories; White Bio covers biofuels, biorefineries, and bioplastics.

Chairman Go noted, "Concerns about trade risks have been raised with the inauguration of the second term of the U.S. Donald Trump administration," but he also forecasted that Korea's bio industry will continue its growth trend this year.

He evaluated, "Last year, despite difficult conditions such as a high exchange rate and weakened investment sentiment, Korea's bio industry made a leap forward. Domestic biohealth exports reached an all-time high, and Korea's capabilities in new drugs, biosimilars (biopharmaceutical generics), and contract development and manufacturing organizations (CDMO) stood out in the global market."

He added, "We will create a sustainable bio industry through support for overseas market entry, strengthening international cooperation, nurturing talent, and fostering an industrial ecosystem. We will also actively respond to trade changes following the inauguration of the second term of the Trump administration."