[Bio USA] Korean biotech has innovation. Now it needs capital

SAN DIEGO – Korea’s biotechnology industry has rapidly emerged as one of Asia's most promising innovation ecosystems, but industry experts say securing global capital and adopting more flexible business models remain critical challenges if the country hopes to position itself as a global biotech powerhouse.

“Korea is already an innovation hub,” said Hwang Jurie, director of public and international affairs at the Korea Biotechnology Industry Organization, or KoreaBIO, during a panel discussion t ...