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Distinguished guests, 

 

It is our honor to welcome you all to the 14th Seoul International 

New Pharmaceuticals Forum, co-hosted by the Financial News and 

Korea Research Institute of Chemical Technology.

 

Our deep appreciation goes to Minister of Food and Drug Safety Oh, Yu Kyung 

and President of the co-hosting Korea Research Institute of Chemical Technology 

Yi, Mi Hye for sparing precious time to attend this event. Also, we convey 

our thanks to Director General of the Vaccine Innovative Technology 

ALliance KoreaBaik-Lin Seong for delivering keynote speech.

 

The COVID-induced crisis that has long suppressed our life seems to have 

almost reached the end of tunnel. When we get to restaurants, cafes, cinemas 

or baseball games, we seem to get closer to the pre-pandemic life.

 

However, it is premature to get relaxed. We saw a drop in the number 

of patients, but this should never be neglected. Medical experts warn that 

the coronavirus could come back in fall or winter of this year.

 

Comparing to baseball, we think it is time to see a seasoned closing pitcher. 

We often see that bad conclusion can lead to mess up a winning game. 

As there is a famous saying in baseball “It ain't over till it’s over,” it is important 

to stay vigilant until the pandemic is finally over.

 

But at the same time, it is necessary to strengthen efforts to prepare 

for possible emergence of new infectious diseases. It’s no exaggeration 

to say that people have historically fought against infectious diseases. 

Historical data shows that Europe’s population nearly halved because of pest, 

or black plague, during the medieval times. The Spanish flu posed a terrible 

threat to the world during the end of the World War One. Even in the 21st 

century, many infectious diseases such as SARS, MERS and coronavirus are 

still afflicting people. In this regard, we selected the topic of this year’s forum 

as “Direction and strategies for research on infectious diseases during 

the post-pandemic era.”

 

Distinguished guests,

 

On the occasion of the COVID-19 crisis, we acutely recognized the importance 

of developing new drugs. This crisis made us realize that like the United States 

and EU, a country capable of accelerating a project of developing vaccines is 

truly powerful. So does medicine.

 

For Korea, there is a long way to go. Yet as shown in its goal for becoming 

a global hub for vaccine production, its capability to produce commissioned 

new drugs is outstanding. Furthermore, developing our new drugs including 

vaccines will serve as a backstop for preparing for the outbreak of new 

infectious diseases. We anticipate the arrival of the new K-drug era 

besides K-pop and K-drama.

 

We truly hope this forum will serve as a guidepost for helping you prepare 

for the inevitably approaching pandemic crisis in a wise manner. 

We hope all of you stay healthy.

 

Thank you

 

Byun, Dong Shik


President,

The Financial News

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