Dr. Seungpil Yu will hold a retirement ceremony and conclude his 46-year term as a pharmaceutical executive.

 

Dr. Seungpil Yu is a living witness to the long history of Yuyu Pharma, which celebrated its 80th anniversary this year, having laid the foundation for Yuyu Pharma to continue to thrive well into its 100th year. While in the United States, Dr. Yu received his PhD in International Business Administration from Columbia University and was an assistant professor at Pace University’s graduate school before returning home to Korea to take over the family business.

 

During his 46-year term running Yuyu Pharma, Dr. Yu transformed Yuyu’s product portfolio from one focusing on generic drugs to one focusing on specialty drugs. In anticipation of an aging society, Dr. Yu oversaw the introduction of two new improved drugs: Maxmarvil, for the treatment of osteoporosis and Yuclid, an antiplatelet drug. During his tenure, Yuyu Pharma, while small, had grown into a shiny diamond-like company.

 

In addition, from 2001, Dr. Yu served as the fourth Chairman of the Korean Pharmaceutical Bio Association (KPBA), representing the voice of the pharmaceutical industry and helped to establish the separation of the prescription and dispensing of pharmaceuticals, thereby striving to create the conditions for the sustainable development of Korea’s pharmaceutical industry. In recognition of his efforts to improve public health as Chairman of the KPBA, Dr. Yu was awarded the Order of Merit in 2003.

 

Dr. Yu has also served as the honorary consul of the Republic of Haiti since 1997 and served as the Honorary Consul General of Korea for four years from 2013 making great efforts for communication and harmonization among honorary consuls who play an important role in elevating the status of the Republic of Korea. Furthermore, Dr. Yu is also the honorary Chairman of the Korean National Opera (KNO), practicing the policy of returning corporate profits back to the community through its patronage of the KNO.

 

After retirement, Dr. Yu will serve as honorary Chairman to Yuyu Pharma, continue to promote the culture and arts at Heyri Village, and continue to mentor young students at universities.

About Yuyu Pharma

 

Yuyu Pharma (KRX: 000220) is a Korean pharmaceutical company founded in 1941 and listed on the Korean Stock Exchange since 1975. The company manufactures and distributes pharmaceutical products, medical devices, and food supplements. Yuyu Pharma is also committed to developing innovative therapeutics in the area of Ophthalmology, Urology, and Neurology.