South Korea#s Jecheon to host international expo on Korean medicine, biotech industry in September

General Press Releases Friday August 4, 2017 11:46
JECHEON, South Korea--4 Aug--PRNewswire/InfoQuest

Jecheon in central South Korea will play host to an international exhibition focused on the Korean medicine and biotech industry in September in a bid to develop the Korean herbal medicine-based biotech industry into a future growth engine, organizers said Thursday.

The upcoming World Korean Medicine-Bio Industry Expo comes six years after the Jecheon municipality in North Chungcheong Province held an inaugural international fair on "hanbang", or traditional Korean medicine, and the Korean biotech industry in 2010. Through the fair, Jecheon has been able to promote its image as an industrial town centered around hanbang.

Themed "Recreation of Korean Medicine-Evolve into the Korean Medicine Bio Industry", the event will open at the Korean Medicine Expo Park in Jecheon on Sept. 22 for a 19-day run.

The envisioned exhibition is expected to bring together 800,000 people, including 40,000 foreign tourists, with representatives from 250 South Korean and foreign companies to hold business and export negotiations with more than 3,500 buyers.

North Chungcheong Gov. Lee Si-jong, who serves as chief of the exhibition's organizing committee, said that this year's hanbang and biotech industry fair, which has gained the status of a business to business-oriented international event from the government, aims at intensifying the government pitch for the importance and effectiveness of building up the Korean medicine and biotech industry.

The governor also expected, "The Korean herbal medicine-biotech industry in Jecheon, created through a fusion of the biotech industry developed by the North Chungcheong provincial government and Jecheon's Korean medicine industry, will take the stage as a future industry."

Joung Sa-whan, secretary-general of the organizing committee, said the exhibition will give a boon to the global natural product market, closely related with the Korean medicine industry, given that the industries of Korean medicine, biotech and natural products are expected to take the lead in the development of the fourth industrial revolution that is underway worldwide.

The global natural product market, estimated at around 1,000 trillion won (US$890.47 billion), is forecast to grow at a clip of 8-10percent per annum, Joung said.

The regional government and the Jecheon municipality will co-host the exhibition, while 19 government agencies and public institutions, including the ministries of industry and trade, interior, culture and the Korea Trade-Investment Promotion Agency, are to give support to the event.

Photo - https://photos.prnasia.com/prnh/20170803/1913192-1

Latest Press Release

Photo Release: PTT earned 4 awards from Alpha South East Asia

Mrs. Nitima Thepvanangkul, PTT Chief Financial Officer and Mr. Prasert Salinla-umpai, PTT Executive Vice President, Corporate Reputation and Social Responsibility represented the company in receiving 4 awards from Alpha Southeast Asia Magazine, including...

Centara set to open three more hotels in Laos in 2020

Bangkok, Thailand – 19th September 2018 – Centara, Thailand's leading hospitality group led by Suthikiati Chirathivat, Chairman of the Board (4th from right), has inked a management MOU with Asia Investment, Development & Construction...

Players in 95-km race on the first contest day of Wulong Mountain Quest

The 2018 China International Mountain Quest and the 2018 China Mountain Outdoor Sports Series (Chongqing, Wulong) continued to see thrilling contests Tuesday, with 29 teams from home and abroad competing in an over 95-kilometer long quest including...

TK park invites France eMotion The animated journey is a travelling art exhibition that celebrates new technologies

TK park joins with French Embassy in Thailand (led by Atout France, the national tourism development agency in France and the Institut francais, the public institution in charge of implementing France's cultural action abroad) are organizing the...

Warm Welcome Famous Singaporean Singer at Centara Grand at Central Plaza Ladprao Bangkok

Wuthisak Pichayagan (6th left), Hotel Manager of Centara Grand at Central Plaza Ladprao Bangkok, together with Pradapporn Chantaworaluck (4th left), Public Relations Manager of the hotel, recently welcomed Jiu Jian (5th left), a multi-talented singer,...

Related Topics