The Osong Bio Health Association announced on June 8 that Park Jong-hong, CEO of Nasom Science, has been elected as the second president of the organization. The inauguration ceremony took place at the Nasom Science headquarters in Osong, South Korea.

This event served as a pivotal gathering for executives and members of the association, along with local bio-health stakeholders, to celebrate the transition and share insights on the association's future direction. This strategic leadership change signals a commitment to enhancing industry collaboration and fostering innovation.

President Park, recognized for his extensive expertise and management experience in the bio and health sector, is expected to effectively establish practical industry connections and collaborative frameworks within the association. His appointment is seen as vital for navigating the complexities of a rapidly evolving global bio-health landscape.

In his inaugural address, Park emphasized the association's ambition to transform into a leading platform for the global bio-health industry. He highlighted the focus on strengthening collaborative foundations among member companies, accelerating innovation in technology, expanding policy proposal capabilities, and enhancing competitiveness across the sector. Furthermore, he stressed the importance of close engagement with government bodies and local authorities to elevate the status of the Osong Bio Cluster, alongside expanding international networks to bolster global market entry.

The Osong Bio Health Association, a leading collaborative platform centered in Osong, comprises a diverse network of companies and research institutions involved in biopharmaceuticals, medical devices, diagnostics, and healthcare. The association's activities span building cooperation among members, sharing industry information, conducting joint research, advocating for policy improvements, and nurturing specialized talent, thereby contributing to bolstering the competitiveness and sustainable growth of South Korea's bio-health sector.

Osong itself stands out as South Korea's sole national bio-health cluster, housing crucial national institutions, including the Ministry of Food and Drug Safety, the Korea Disease Control and Prevention Agency, and various research facilities and clinical testing institutions. This unique assemblage positions the association as a vital hub for collaboration between academia, industry, and government.

In response to emerging global market dynamics, the association is actively pursuing enhanced cooperation with overseas entities, implementing international exchange programs, and facilitating investment attraction to support members in their global endeavors. This approach highlights a robust strategy for fostering growth and expansion for member companies while ensuring they remain competitive in international markets.

With Park's leadership, the Osong Bio Health Association is poised to secure new growth engines based on industry convergence and innovation, strengthening its support functions centered on member needs. The outgoing chairman, Eun Byeong-seon of lodeck Co., Ltd., expressed optimism regarding Park's experience as a global network leader, anticipating it will chart a successful path for member companies as they navigate international markets.

Established in September 2024, the Osong Bio Health Association is committed to facilitating cooperative opportunities between bio-health enterprises and supporting institutions, aiming to drive continuous development and growth for its members, which currently include 39 companies and 12 related organizations in the Chungbuk Osong area.