The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    INTERVIEWINFINITE's Nam Woo-hyun returns after battling with rare cancer

  • 3

    NATO chief says Ukraine inflicting 'heavy losses' on Russian forces

  • 5

    Enhypen's 'Orange Blood' debuts at No. 4 on Billboard 200

  • 7

    Final vote for Expo venue to take place today

  • 9

    Population of young Koreans expected to halve by 2050

  • 11

    Nexon, Kakao Games accused of using feminist hand gesture in promotional videos

  • 13

    PHOTOSIt's beginning to look a lot like Christmas

  • 15

    Samsung retains top CEOs, launches unit to prepare for future

  • 17

    Record 165,000 migrant workers to enter Korea next year

  • 19

    Korea attends NATO-led cyberdefense exercise

  • 2

    2023 MAMA AWARDS hits Tokyo Dome with stellar lineup

  • 4

    Busan eyes Expo 2035 after losing to Riyadh

  • 6

    Robots slowly integrating into everyday life in Korea

  • 8

    Korea to double ceiling of immediate tax refund for foreign tourists

  • 10

    American man booked for writing graffiti in 155 locations across Seoul

  • 12

    Koreans need $2,830 a month after retirement: study

  • 14

    Former Hungarian ambassador honored with Gwanghwa Medal

  • 16

    Police lift travel ban on G-Dragon, request extension for actor Lee Sun-kyun

  • 18

    Mohegan Inspire integrated resort to hold soft opening in Incheon Nov. 30

  • 20

    Hyundai Motor chief named industry leader by Automotive News

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
Wed, November 29, 2023 | 23:43
Companies
SK Inc. to hold SK Bio Night to seek new opportunities in US
Posted : 2023-01-10 16:58
Updated : 2023-01-11 11:46
Kim Hyun-bin
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
SK Bioscience's vaccine factory, Andong L House, in North Gyeongsang Province / Courtesy of SK Bioscience
SK Bioscience's vaccine factory, Andong L House, in North Gyeongsang Province / Courtesy of SK Bioscience

By Kim Hyun-bin

SK Inc. and its affiliates including SK biopharmaceuticals and SK pharmteco will hold a networking event to expand their partnerships in the U.S., the world's largest bio and pharmaceutical market.

SK Inc. announced that it will hold its SK Bio Night event on Jan. 11 at the Four Seasons Hotel in San Francisco. The meeting will be attended by 100 executives from over 50 companies including SK's global partners and investment companies. The goal of the event is to build a strong understanding of SK's current priorities and discover new opportunities in the U.S. market.

Newly appointed executives from SK Inc. and its affiliates are scheduled to attend the event including SK Inc. CEO and Vice Chairman Jang Dong-hyun, SK pharmteco CEO Joerg Ahlgrimm, SK biopharmaceuticals CEO Lee Dong-hoon and SK Bio Investment Center head Kim Yeon-tae.

They are expected to emphasize their respective companies' bio strengths and seek collaborations in the global biopharmaceutical sector by strengthening relations with investors and partners.

SK pharmteco has been bolstering its competitiveness in the cell and gene therapy (CGT) sector, an emerging growth market in the contract development and manufacturing organization (CDMO) business. Its CEO Joerg Ahlgrimm will unveil the company's business strategy as a global CDMO, along with its vision and competitiveness, to investors and partners at the event.
SK Bioscience's vaccine factory, Andong L House, in North Gyeongsang Province / Courtesy of SK Bioscience
Kim Yeon-tae, head of SK Bio Investment Center

Since entering the biopharmaceutical business, SK Inc. has been achieving impressive results in enhancing its competitiveness by adopting a robust localization strategy that focused on the development of new small-molecule drugs and the CGT CDMO business in the U.S. and Europe.

By consummating large cross-border transactions that include SK's acquisition of a plant in Ireland owned by Bristol Myers Squibb in 2017 (currently SK biotek Ireland) and of AMPAC Fine Chemicals of the U.S. in 2018, SK Inc. was able to scale up its biopharmaceutical business and secure strategically important production bases in the U.S. and Europe.

Through SK Bio Night, SK Inc. plans to explore various business partnerships and investment opportunities in the global market, including the U.S.

"SK strongly believes that establishing long-term partnerships is integral to realizing the company's mission and vision. We wish to engage and create a strong connection with our existing as well as potential future partners by hosting SK Bio Night, with the goal of forging landmark opportunities in key markets such as the U.S. and Europe," said Kim Yeon-tae, head of SK Bio Investment Center. "We are excited to share our impressive growth trajectory with our global partners and investors."


Emailhyunbin@koreatimes.co.kr Article ListMore articles by this reporter
 
LG group
Top 10 Stories
1Busan eyes Expo 2035 after losing to Riyadh Busan eyes Expo 2035 after losing to Riyadh
2[PHOTOS] It's beginning to look a lot like Christmas PHOTOSIt's beginning to look a lot like Christmas
3US, S. Korea cast doubt over NK's satellite photos US, S. Korea cast doubt over NK's satellite photos
4How can Korea become more migrant-friendly? How can Korea become more migrant-friendly?
5As Christmas nears, people feel growing income disparity As Christmas nears, people feel growing income disparity
6Why are major South Korean stocks persistently undervalued? Why are major South Korean stocks persistently undervalued?
7Hyundai Motor unveils universal wheel drive system Hyundai Motor unveils universal wheel drive system
8Jefferies to open Seoul office in January Jefferies to open Seoul office in January
9Economist challenges Yoon's immigration policies Economist challenges Yoon's immigration policies
10Hyundai Card's overseas usage skyrockets with Apple Pay partnership Hyundai Card's overseas usage skyrockets with Apple Pay partnership
Top 5 Entertainment News
1[INTERVIEW] INFINITE's Nam Woo-hyun returns after battling with rare cancer INTERVIEWINFINITE's Nam Woo-hyun returns after battling with rare cancer
22023 MAMA AWARDS hits Tokyo Dome with stellar lineup 2023 MAMA AWARDS hits Tokyo Dome with stellar lineup
3December brings mix of action, thriller, romance to small screen December brings mix of action, thriller, romance to small screen
4NMIXX to showcase unique allure with 'Fe3O4: BREAK' album next year NMIXX to showcase unique allure with 'Fe3O4: BREAK' album next year
5Perrotin brings Shim Moon-seup's seascape-inspired canvases to Paris Perrotin brings Shim Moon-seup's seascape-inspired canvases to Paris
DARKROOM
  • [PHOTOS] It's beginning to look a lot like Christmas

    [PHOTOS] It's beginning to look a lot like Christmas

  • 2023 Thanksgiving parade in NYC

    2023 Thanksgiving parade in NYC

  • Appreciation of autumn colors

    Appreciation of autumn colors

  • Our children deserve better

    Our children deserve better

  • Israel-Gaza conflict erupts into war

    Israel-Gaza conflict erupts into war

  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher: Oh Young-jin
Digital News Email: webmaster@koreatimes.co.kr
Tel: 02-724-2114
Online newspaper registration No: 서울,아52844
Date of registration: 2020.02.05
Masthead: The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group