![]() South Korea welcomes WHO decision to designate the country as a global biomanufacturing training hub, citing various opportunities this could provide in fulfilling its goal of becoming a similar center of worldwide expertise in vaccines. WHO Biomanufacturing Training Hub Plan Offers Korea Chance On World Stage By Jung Won Shin The country appears to be accelerating efforts following its global vaccine hub strategy announced last year, as it was designated by the World Health Organization in February as a biomanufacturing training center for vaccines and biologics to help resolve worldwide vaccine inequities. “Vaccines are highly technical…because Korea has good manufacturing, a highly-skilled technical workforce and an ability to do things very precisely, it is in a sense ideal for biotechnology.” “Vaccine security.we increasingly realize after COVID that being able to ensure that the population has access to advanced vaccine technology could be very important and could be a national security priority,” said Jerome Kim, Director General of IVI, in a recent audio interview. A non-profit entity established as an initiative of the United Nations Development Programme, it is among only a few organizations in the world dedicated solely to vaccines and vaccination for global health. ![]() The International Vaccine Institute (IVI), founded in 1997 in Seoul as the first international organization to be headquartered in Korea, has been closely following and supporting the country’s steps along the way. (Also see " Korea Should Pursue Two-Pronged Strategy In Global Vaccine Hub Bid" - Pink Sheet, 21 Sep, 2021.) * CBRE’s Valuation & Advisory Services provides appraisal, consulting, environmental and property condition consulting services to a broad base of local, regional and global clients.In the past several years, South Korean has been making a strategic push to beef up its vaccine capabilities, initially with an aim to sharply raise the country’s vaccine self-sufficiency and moving on more recently to become a global vaccine powerhouse amid the ongoing coronavirus pandemic. ![]() CBRE affords us a significantly broader platform – both geographically and across an array of services – to serve our clients, and our people will have enhanced career development opportunities as we integrate with CBRE’s professionals across the country and around the world,” concludes Mark de Stefanis, Director of Business Operations of IVI. “Joining CBRE is a big win for both our clients and employees. The acquisition also offers IVI International significant benefits. Adding IVI’s accomplished team to our existing capabilities provides a highly sought after service that we can now offer our investor, developer and lender clients throughout the country.” IVI International will complement and enhance CBRE’s Valuation and Advisory Services* team, explains Thomas McDonnell, President Valuation & Advisory Services at CBRE: “IVI has a 40-plus-year record of providing insight and analysis that helps investors, lenders and occupiers manage risk. ![]() The firm that is headquartered in New York has more than 200 employees working from its nine offices throughout the US.ĬBRE is one of the world’s leading commercial property and real estate services advisors and has around 44,000 employees working from its 350 offices worldwide. IVI International is an US-based real estate consulting firm founded in 1973 that provides construction, property condition and environmental consulting, due diligence and advisory services to the real estate industry. For IVI International, the acquisition will allow it to expand both its services and global footprint. The firm’s expertise will enhance the expertise of CBRE’s Valuation & Advisory Services team. Commercial property consulting firm CBRE has acquired real estate consulting firm IVI International.
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