JungJin SEO from South Korea named EY World Entrepreneur Of The Year™ 2021

JungJin, 63, based Celltrion, a biopharmaceutical agency, in 2003 with solely US$45,000. In the practically 20 years since its founding, Celltrion has lived as much as its ambition to advance well being and welfare for all by growing groundbreaking medication to deal with autoimmune illnesses, completely different types of most cancers and, most lately, COVID-19. The firm, which JungJin began with 5 of his colleagues, has grown to greater than 2,100 staff with gross sales permits in additional than 90 nations and revenues exceeding US$1.69b.

His Royal Highness (HRH) The Prince of Wales first recipient of the EY Social Entrepreneurship Award

This night, EY additionally honored HRH The Prince of Wales, of the United Kingdom, with an inaugural EY Social Entrepreneurship Award. This award was given in recognition of the super social worth created by The Prince of Wales’ main initiatives, together with The Prince’s Trust and Business within the Community, the thrilling progress of the daring, international Sustainable Markets Initiative and this yr’s unveiling of the Terra Carta, which offers a highway map towards placing nature, folks and planet on the coronary heart of worldwide worth creation over the subsequent decade. The new award will stay an annual function and was established to acknowledge leaders who’re centered on making a purposeful enterprise in society.

Carmine Di Sibio, EY Global Chairman and CEO, says:

“After a yr of unbelievable challenges, I’m excited to have the ability to acknowledge these two exceptional people for his or her contributions to society. Throughout his life, His Royal Highness has demonstrated an unwavering dedication to constructing a greater world and I could not envision a extra worthy honoree for the inaugural EY Social Entrepreneurship Award.

“Likewise, JungJin SEO has spent his profession representing all the things an unstoppable entrepreneur needs to be. From taking up the world’s greatest well being care challenges to constantly creating long-term worth for his firm, JungJin is a mannequin EY World Entrepreneur Of The Year winner. Congratulations to each on their worthy distinctions.”

Rosaleen Blair CBE, Founder and Chair of AMS, and Chair of the EY World Entrepreneur Of The Year judging panel, says:

“The judging panel is honored to award JungJin with this prestigious title and acknowledge him following one of the vital making an attempt years the world has ever seen. The panel was moved by his unbelievable journey and his purpose-driven management, modern mindset and entrepreneurial spirit are the embodiment of an unstoppable entrepreneur.”

JungJin SEO, Honorary Chairman, Celltrion Group, says:

“Entrepreneurship to me has at all times been about bringing collectively a bunch of individuals towards a standard imaginative and prescient, embracing challenges as alternatives and committing oneself to contribute to the better good. When I first began, my imaginative and prescient was to assist sufferers acquire entry to protected, efficient and inexpensive medicines and thereby improve the standard of individuals’s lives. The success of Celltrion has enabled me to broaden on this whereas discovering new methods to gasoline my entrepreneurial drive. I’m humbled and honored to hitch the celebrated group of EY World Entrepreneur Of The Year winners who got here earlier than me and I intend to make use of this glorious platform to proceed to make this world a greater place for future generations.”

Stasia Mitchell, EY Global Entrepreneurship Leader, says:

“JungJin’s story is certainly one of unbelievable tenacity and perseverance. He’s taken breathtaking dangers, each private {and professional}, to discovered Celltrion and develop it into one of many world’s main biopharmaceutical firms. His ardour for creating inexpensive, life-saving well being care and aptitude for tackling international issues has led to many remedies which have helped tens of millions of individuals worldwide and was particularly evident this previous yr by the creation of a COVID-19 antibody remedy. Above all, JungJin’s story is a shining instance of the facility of an unstoppable entrepreneur to vary the world.”

About JungJin SEO, Honorary Chairman of Celltrion Group

JungJin’s entrepreneurial journey began at an early age when he labored as a taxi driver to get himself by Konkuk University in Seoul, South Korea. After finding out industrial engineering, he rose by the ranks of Daewoo Motor Co. till he all of a sudden misplaced his job amid the automaker’s monetary troubles following the 1997 Asian financial disaster.

In the years that adopted, JungJin would collaborate with colleagues to discover enterprise alternatives in quite a few industries, a lot of which appeared promising on the time however didn’t ship lasting success. Finally, after attending a dialogue hosted by a number of famend students, he determined to give attention to the biopharmaceutical sector, believing that it had the potential to be the subsequent nice progress engine.

With this inspiration in thoughts, he based Celltrion with solely US$45,000. Despite its humble beginnings, the corporate would rapidly turn into a number one pressure within the South Korean pharmaceutical trade. The launch of Remsima, the “world’s first” antibody biosimilar, rapidly moved Celltrion up the ranks of the nation’s comparatively underdeveloped pharmaceutical sector. Celltrion adopted this success with the launch of medicine for breast most cancers and lymphoma that are actually used worldwide.

With a give attention to being “the world’s first,” Celltrion has pioneered quite a few uncharted areas to stellar success over the previous 20 years. Most lately, it responded to the worldwide pandemic by efficiently growing an antibody remedy for COVID-19 and works to make sure a well timed provide of the protected and efficient remedy.

About the judging panel

The unbiased judging panel was chaired by Rosaleen Blair CBE, Founder and Chair of AMS. Joining her have been:

  • Girish Jhunjhnuwala, Founder and CEO, Ovolo Hotels
  • Susan Chong, Founder and CEO, Greenpac Pte Ltd.
  • Hernan Kazah, Co-Founder and Managing Partner, Kaszek Ventures
  • Noëlla Coursaris Musunka, Founder and CEO, Malaika
  • Alexey Repik, Founder and Chairman, R-Pharm
  • Dr. Kiran Mazumdar-Shaw, Executive Chairperson, Biocon Limited
  • Brad Keywell, CEO, Uptake Technologies, Inc.

Broadcast protection and high-resolution content material can be found here for obtain for broadcast and on-line use.

About EY

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This information launch has been issued by EYGM Limited, a member of the worldwide EY group that additionally doesn’t present any providers to purchasers.

About EY Entrepreneur Of The Year™

EY Entrepreneur Of The Year™ is the world’s most prestigious enterprise awards program for unstoppable entrepreneurs. These visionary leaders ship innovation, progress and prosperity that remodel our world. The program engages entrepreneurs with insights and experiences that foster progress. It connects them with their friends to strengthen entrepreneurship world wide. EY Entrepreneur Of The Year is the primary and solely really international awards program of its form. It celebrates entrepreneurs by regional and nationwide awards packages in additional than 145 cities in over 60 nations. Winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/eoy


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