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AMCHAM Korea

AMCHAM's Efforts to Promote Innovation in Korean Healthcare Industry Marks 10th Anniversary

2019.09.23

June 16, 2019 (Seoul) - The American Chamber of Commerce in Korea (AMCHAM Korea) hosted the 10th AMCHAM Healthcare Innovation Seminar on Friday, June 14, at the Four Seasons Hotel Seoul. This year’s seminar was particularly special as it marked the 10th anniversary of the seminar’s establishment.

Around 200 representatives from the Korean and U.S. governments, industries and academia gathered to share their insight through presentations and panel discussions under the theme of “People-Centric Healthcare: Towards Sustainability and Innovation.” The seminar aims to facilitate an open and constructive dialogue on innovation in the healthcare industry.

In his congratulatory remarks, H.E. Kim Ganglip, Vice Minister of Health and Welfare, thanked AMCHAM’s efforts in paving the way forward for the cooperative relationship between the U.S. and Korea as well as the healthy ecosystem for the healthcare industry. He pledged to work closely with the private sector, who are on the frontlines of collaboration and innovation in the healthcare industry.

George Noll, Counselor for Economic Affairs of the U.S. Embassy Seoul, highlighted the importance of deepened and improved relations between the Korean and U.S.’ governments and industries. He stressed that “Through cooperation with the public and private sectors, we can see the right stage for nurturing innovation and development which is important to all industries.”

H.E. Min Hyung-bae, Presidential Secretary for Social Policy, delivered the plenary keynote presentation on Moon Administration’s policies towards an innovative and inclusive society. He elaborated on President Moon’s core policies on the healthcare and welfare system, which is to enhance the social safety net, create a lifetime healthcare management system, promote innovative growth and respond to low birth rate and aging society. He concluded the presentation by encouraging continued support of the people-centric healthcare system.

The morning session included presentations and panel discussions with a panel comprised of Valery E. Gallagher, Deputy Director, Global Government Policy and Advocacy of Baxter, Young-Hak Kim, M.D., Ph.D., Member of Healthcare Special Sub-Committee, Presidential Committee on the 4th Industrial Revolution, Dong-Hee Kim, CEO of Philips Korea. They discussed the topic of “Building a Sustainable Healthcare Ecosystem for the Future.”

During the afternoon session, the medical devices and pharmaceutical sessions covered the topics “Democratization of Healthcare” and “Sustainable Healthcare Plan for Innovation and Patients.”