THE KOREA ECONOMIC DAILY, GLOBAL EDITION

Korea's chemical company SK Discovery Co. on Tuesday said it launched a bio strategy and investment division headed by Kim Jung-hoon, director of SK Chemicals' R&D center. 

The new division will search for new business opportunities for SK Discovery's bio affiliates under the goal of creating horizontal expansion and a synergistic effect through inter-subsidiary collaboration.

A pharmaceutical and bio expert who joined SK Chemicals in 1998 after graduating from the College of Pharmacy at Seoul National University, Kim is experienced in leading overseas business, marketing and R&D organizations at the company.

"SK Discovery's bio affiliates have growth engines thanks to their outstanding human resources and business portfolios," Kim said. "The Bio Strategy and Investment Division will assume a role in fueling each affiliate's growth and creating a synergistic effect."

Write to Jeong Min Nam at peux@hankyung.com