South Korean businessman JungJin Seo named EY World Entrepreneur of the Year

South Korean businessman JungJin Seo, founder and honorary chairman of Celltrion Group was named EY World Entrepreneur of the Year for 2021 at a digital ceremony on Thursday night.

Mr Seo beat off competitors from entrepreneurs representing 38 international locations, together with Irish finalist, Nicola Mitchell of agrochemicals firm Life Scientific. Ms Mitchell was named Irish EY Entrepreneur of the Year in November final 12 months. Life Scientific makes generic variations of main branded agricultural pesticides and generates greater than €600 million in annual income.

Mr Seo based his biopharmaceutical firm in 2003, having misplaced his job at a carmaker at the age of 45. He knew little about science at the time, however was impressed after listening to a scientist speaking about the future of medication. Celltrion is at the moment a multibillion-dollar international firm, creating medication to deal with situations together with most cancers and Covid-19.

The group specialises in biosimilars – inexpensive biologic merchandise much like already permitted organic medication. The firm’s first biosimilar drug was for the remedy of autoimmune ailments, with this adopted by medication for breast most cancers and lymphoma that are actually used globally.

Celltrion offers its antibody remedy for Covid-19 to sufferers in South Korea at manufacturing value.

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