S. Korea sees no progress in stem cell research for a decade

S. Korea sees no progress in stem cell research for a decade

Park Gi-hyo, Won Ho-sup

2014.02.18 17:40:23

South Korea has no place in the global competition for stem cell research. The US, Japan and China are running ahead, but Korea has stagnated for ten years after traumatized by the Hwang Woo-suk scandal.
The US, a top country in the field backed by the federal government’s support for embryonic stem cell research since 2009, successfully cloned human embryonic stem cells for the first time in the world last year. Japan became the world’s first country to create induced pluripotent stem cells (iPS cells) in 2006. Last month, a 30-year-old Japanese female researcher took one step further and developed a new technique to create stem cells, called Stimulus-Triggered Acquisition of Pluripotency (STAP). 
China, with its government keenly interested in stem cell research, has produced 12,888 academic papers in the past decade and overtook Korea in quantitative terms.
Meanwhile, Korea has not generated any fruitful results after being embroiled in the former professor Hwang Woo-suk’s cloning fabrication scandal in 2005. It is even behind rivals in new technology competition. Worse yet, the Korean researchers are making rare contributions in the globally-recognized papers and patents.
Only one stem cell paper published by the Korean researchers was announced in 2012 in academic journal whose Impact Factor (IF) including Nature and Cell is above 20 among 562 papers, according to the Ministry of Science, ICT and Future Planning. In terms of the number of highly cited papers, Korea scored the four point level over the last decade, falling short of the global average of six.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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