Surging demand for Korean pharma in 2023 ahead of CPHI Korea

Pharma in Korea receives a 7% increase in ‘growth potential’ category according to the CPHI Annual Survey findings

2^nd August, 2023: Exciting news for the Korean pharmaceutical industry! The recently conducted 2023 CPHI Annual Survey reveals a remarkable 7% increase in 'growth potential.' With the highly anticipated CPHI Korea event just around the corner - scheduled to take place at COEX Hall in Seoul from 30^th August  to 1^st September – excitement across the industry is increasing with expectations of a major pharma partnering boom. International companies are showing keen interest in investing in Korean R&D, manufacturing, and supply.

CPHI Korea is widely recognized as a leading indicator of industry prospects in the region, and this year’s event is expected to attract over 7,000 executives, 81% of whom wield direct purchasing power, along with 300+ exhibitors from 15 countries. With diverse regional supply networks in demand, the event is likely to witness a surge in pan-Asian collaborations.

According to Jenny Leung, Brand Manager at CPHI Korea, "The feedback from our attendees and exhibitors confirms the expanding regional networks across East Asia. We're witnessing closer ties between Indian and Chinese ingredients providers, while bio companies, CDMOs, and innovators are using our platform to bolster their supply networks across the region. The future looks exceptionally promising, with Korea's pharma manufacturing poised for high-growth status in the global economy."

Provisional findings from the CPHI's Annual Pharma Survey further reinforce this positive outlook, indicating a growing interest in partnering with Korean companies among international audiences. Moreover, Korea's pharma industry is also set to receive an extra boost from increased government spending, propelling innovation in the biopharmaceutical sector and clinical trials.

“CPHI continues to support our exhibitors and attendees to make the connections that count and to foster growth in Korean markets by offering our Hosted Buyer program to match you with the companies that best meet your professional needs. Additionally, our cutting-edge online platform will continue to enable exhibitors and attendees to engage in complimentary official 1:1 online business matching, further igniting growth and partnering opportunities in the region.” added Sekyoo Oh, President of Informa Markets Korea.

Pre-registration for CPHI Korea is now open and will remain free until August 23rd, after which onsite registration will be available at a nominal cost of 10,000 KRW. To register or explore online partnering and content, please visit: https://www.cphi.com/korea/en/home.html

-ENDS-

Notes to editors

About CPHI

CPHI unites and empowers the global pharma community to improve our industry and ultimately human health, by offering unparalleled access to a community of engaged and passionate pharma experts. We champion innovation, thought leadership and knowledge sharing at the heart of pharma. Join us and discover endless opportunities to connect, collaborate and thrive in every sector of the pharma industry. 

All of our events and services are supported with digital solutions to enhance our communities experience and promote powerful business connections, long-lasting partnerships and exciting new opportunities year-round across the global supply chain.

Key events at the heart of Pharma

CPHI Barcelona (24-26 October 2023 at Fira Barcelona, Barcelona), CPHI & PMEC India (28-30 November 2023 at the India Expo Mart, Greater Noida, Delhi NCR – Delhi, India); Pharmapack Europe (24-25 Jan, 2024 at Paris Expo, Porte de Versailles - Hall 7.2, Paris). CPHI Japan (17-19 April, 2024 at the Big Sight Exhibition Centre – Tokyo, Japan); CPHI North America (7-9 May, 2024 at Pennsylvania Convention Center, United States); CPHI China (19-21 June 2024 at SNIEC – Shanghai, China). CPHI South East Asia (12-14 July 2024 at QSNCC, Bangkok, Thailand)

With support from year-round pharma news, products, and services at CPHI Online.

About Informa Markets

Informa Markets empowers industries and specialized markets to flourish, hosting over 550 international B2B events and brands across various sectors, including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition.

We create opportunities for global engagement, business experiences, and growth through face-to-face exhibitions, specialized digital content, and actionable data solutions. As the world's leading exhibitions organizer, we breathe life into diverse specialist markets, helping them thrive 365 days a year.

For more information, visit www.informamarkets.com.

For media enquiries, please contact:

Jonathan Lee

CPHI Korea Team

T: +82 2 6715 5422

E: jonathan.lee@informa.com