CPhI Korea Opens as Forecasts Predict Value of South Korean Pharma Market to Reach $24.3 billion by 2020

AMSTERDAM, August 18, 2014 /PRNewswire/ --

Event to facilitate regional growth alongside South Korean government $8.9 billion commitment to drug development by 2020

Leading events organizer, UBM Live today announces the opening of CPhI Korea 2014, which will take place on September 2^nd-3^rd 2014 at the COEX in Seoul, South Korea. Co-organized by the Korean Pharmaceutical Traders Association, the event will co-locate with ICSE, creating a comprehensive platform for pharmaceutical supply chain sourcing and partnerships.

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The value of the South Korean pharmaceutical market is expected to reach $24.3 billion in 2020 according to a MarketOptimizer.com report.  Further solidifying South Korea as one of the largest pharmaceutical markets in Asia, the country's "Pharma 2020 vision" commits $8.9 billion to drug development by 2020. Ideally located, CPhI Korea will serve as a central hub for the region, granting key delegates and industry leaders from Japan, China, India and Hong Kong access to this growing market.

Throughout the two-day event, CPhI Korea and co-located event ICSE will provide pharma manufacturers access to global suppliers across different aspects of the pharma supply chain, such as: raw materials, API's and contracting services. Running alongside the exhibition, high-level conference programmes will offer valuable insights from key government, industry and academic opinion leaders. The agenda is set to include topics such as strategies for entering or expanding business in the growing Korean pharma market, and drug registration in the Korean market.

Highlights of CPhI Korea 2014: 

• Co-location with ICSE providing services and opportunities through the whole supply chain.
• Conference programme featuring opinion leaders from government, academia and industry- with workshops, round tables and plenary sessions.
• Potential one-to-one partnering for visitors and exhibitors to provide new leads and business partners.

Chris Kilbee, Group Director, CPhI Pharma Portfolio, commented on the opening of the event: "With the forecasted growth across all areas of the pharmaceutical market in Korea, it is an exciting time for investment in the region. CPhI Korea will provide an unrivalled, central hub for creating key partnerships in South Korea's dynamic market. The event aims to facilitate partnerships within the region's pharma industry by connecting regional manufacturers and with global suppliers, driving continued innovation and growth in the region."

About CPhI 

CPhI drives growth and innovation at every step of the global pharmaceutical supply chain from drug discovery to finished dosage. Through exhibitions, conferences and online communities, CPhI brings together more than 100,000 pharmaceutical professionals each year to network, identify business opportunities and expand the global market. CPhI hosts events in Europe, China, India, Japan, Korea, Southeast Asia, Istanbul, Russia and South America and co-locates with ICSE for contract services, P-MEC for machinery, equipment & technology, InnoPack for pharmaceutical packaging and BioPh for biopharma. CPhI provides an online buyer & supplier directory at CPhI-Online.com.

For more information visit: http://www.cphi.com

CPhI, ICSE Korea (2-3 September, 2014 at the COEX- Seoul, South Korea); CPhI, ICSE, P-MEC and InnoPack Worldwide (7-9 October 2014, Paris Nord Villepinte- France); CPhI and P-MEC India (2-4 December, 2014 at the Bombay Exhibition Centre- Mumbai); CPhI, ICSE, P-MEC, BioPh and Pharmatec Japan (22-24 April, 2015 at the Big Sight Exhibition Centre- Tokyo). CPhI Russia and IPhEB (27-29 April, 2015 at the VVC, Pavilion Nr 75, Moscow Russia); CPhI, P-MEC and Innopack South East Asia (26-28 May, 2015 at the Jakarta International Expo- Jakarta, Indonesia); CPhI Istanbul (3-5 June, 2015, at the Lutfi Kirdar Convention and Exhibition Centre- Turkey); CPhI, Hi and Fi, ICSE, P-MEC, BioPh and LabWorld China (23-25 June, 2014 at SNIEC- Shanghai, China)

About UBM Live 

UBM Live connects people and creates opportunities for companies across five continents to develop new business, meet customers, launch new products, promote their brands, and expand their market. Through premier brands such as TFM&A, Internet World, IFSEC, MD&M, CPhI, Cruise Shipping Miami, the Concrete Show, and many others, UBM Live exhibitions, conferences, awards programs, publications, Websites, and training and certification programs are an integral part of the marketing plans of companies across more than 20 industry sectors.