MediPolis Development Plan in Wonju, Korea

Wonju Medical Industry Techno ValleyVer 2.5

Wonju, Korea

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Support from Central & Local Government

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The Beginning

• From the Local Community Health Center(May 1998)

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Wonju Medipolis - Present

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Wonju City hall

Youngdong Highway2nd Youngdong Highway

Taejang ComplexEstablished in 1999. 10

Area: 33,058m2

31 companies

TechnoTowerEstablished in 2003.5

Area: 19,915m2

11 companies

Donghwa ComplexEstablished in 2001~2005

Area: 332,000m2

28 companies

Business Incubation

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Post-Business Incubation

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Medical Device Specialized Complex

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Outcomes of Wonju Medipolis

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2005 2006 2007 2008 2009 2010 2011

6065

79

93

105 107 107

Companies

2005 2006 2007 2008 2009 2010 2011

687

994

1,259

1,690

2,316 2,287 2,378

Employees

Outcomes of Wonju Medipolis

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2005 2006 2007 2008 2009 2010 2011

2,692

9,012

11,700

9,854

13,427 14,448

16,535

Exports(0.01Mil$)

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2005 2006 2007 2008 2009 2010 2011

640

1,536

2,036 2,292

3,404 3,765

4,071

Production(100milKRW)

The Outcomes of Wonju Medipolis

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21.54%

73.90%

Exports

Wonju, Gangwon Korea Others

5.13%

73.90%

Company No.

Wonju, Gangwon Korea Others

Medical Companies in Wonju

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Business Support for Medical Device Companies

13Idea WorldwideSupporting Process

Incubation

Post BI

Complex

Technical Support for medical device companies

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Technical Support for medical device companies

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GMES(Gangwon Medical Equipment Show)

• 7th GMES will be held on September 20th ~ 22nd in 2012• Invitation 98 companies from all over the world in 2011

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GMES(Gangwon Medical Equipment Show) Result

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Success Story of Company – CU Medical Systems

• 5 employee in 2001 in Wonju• 104 employee in 2011, 10 Million USD Exports• 70 countries export• 48% Market Share in Korea• KOSDAQ enlisted in 2011

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Success Story of Company - Mediana

• Philips Local Distributors at the beginning• 25% Korean Market Share(1st PHILIPS, 2nd Mediana 3rd GE)

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Success Story of Company - Mediana

• 72% Sales Revenue in USA/EU/Japan• 25 Mil USD Sales Amount

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Medical Device Education Program

• Online Education www.meduvalley.com – 67 Lectures• Offline Education onsite at company & WMIT• Biomedical Engineering• Medical Device Design• Medicine Education• Regulatory Education• R&D Education

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Medical Device Education in High School Course

• Designed by Ministry of Education since 2008• In Wonju, Specialized in Medical Device Industry• President Mr. Lee Myung Bak in 2009• Only One Meister High School in Korea bout Medical Device

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Classification Description

Number of students

480 (160 students/grade)

3 Departments

8Classes

3 Medical device, 2 Medical electricity3 Medical electronics

Wonju Medipolis Future Plan

232323

Wonju City hall

Youngdong Highway2nd Youngdong Highway

Innovation CityEstablished in 2007~2013

Area: 3,639,000m2

12 organizations (plan)

Buron ComplexEstablished in 2007~2012

Area: 812,661m2

48 companies (plan)

Munmak ComplexEstablished in 2007~2013

Area: 412,680m2

74 companies (plan)

Enterprise CityEstablished in 2007~2013

Area: 866,231m2

30 companies(plan)

Medipolis

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Medipolis, Multi Complex Center(MCC) of WMIT

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Under Construction of MMC, WMIT in 2011

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Investment Environment in Gangwon Province

• http://gangwon.investkorea.org• 60 Companies were established from Japan, USA, China, Russia, Holland through Foreign Direct Investment• Tax Incentive, Cash Grant• Lease Reduction on Public Properties• Support for Public Property Purchase• Employment Subsidy and Education/Training Subsidy

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Public Advertisement – Through Real Stamp

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Public Advertisement – Through Real Stamp

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Thank you

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