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Korean Biopharmas Rush To Boston: What Are The Challenges And Opportunities?

'Nobel Prize Winners Sitting At Starbucks'

 
• By Jung Won Shin

The head of the US arm of a major Korean government development institute talks to Scrip about why biotechs and pharma firms are flocking to Boston, how the organization is providing support and what the main challenges are.

Kendall Square
KHIDI Support Attracting Korean Firms To Boston • Source: shutterestock

“Boston, where an outstanding bio ecosystem is established, is the place Korean firms should go and want to go,” declares Soon-Mahn Park, chief representative of the US arm of the Korea Health Industry Development Institute (KHIDI), a government institution charged with developing policies for the healthcare industry, supporting R&D and supporting businesses, and helping promote the country's interests in the sector.

From late last year, and more clearly from 2022, Park sees more Korean companies setting up companies or other operations in the US

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