[Bio USA] Korea biotech under pressure from China's rapid rise

Korea Herald correspondent SAN DIEGO — Korea’s biotechnology sector faces a shrinking window of opportunity as China’s surge in new drug development accelerates on the global stage, an industry expert warned Tuesday.

“The center of gravity in biotech is clearly shifting toward Asia,” said Lee Seung-gyu, vice chair at the Korea Biotechnology Industry Organization (KoreaBio), in a press conference at the BIO International Convention in San Diego.

“The question is whether Korea can secure enough co ...