Korea Biotechnology Industry Organization(KoreaBIO) is an association established as a result of the merger between three different industry associations in the biotechnology field in November 2008. KoreaBIO promotes communication among all bio-industry related organizations and striving to create a sustainable biotechnology industry ecosystem. KoreaBio a representative organization in the bioindustry field according to Article 38 of the Industrial Development Act of the Ministry of Trade, Industry, and Energy-seeks to solidify the ties in the bioindustry, revitalize related companies by playing a central role in promoting technological development and industrialization, strengthen international competitiveness, and therefore contribute to the development of the national economy.