PM says to foster 200 'frontier' bio, pharmaceutical firms by 2030
Prime Minister Han Seong-sook said Thursday that the government will select 200 bio and pharmaceutical companies by 2030 and help them grow enough to compete on the global stage. Han made the remark at a national policy coordination meeting held at a Chong Kun Dang Pharmaceutical Corp. factory in the central city of Cheonan, stressing that Korea should identify and foster innovative firms armed…
Korea's Prime Minister Han Seong-sook announced plans to select and support 200 frontier bio and pharmaceutical companies by 2030, with the aim of helping them compete on the global stage. Speaking at a national policy coordination meeting, she emphasized the importance of identifying innovative firms with new technologies and ideas.
The government plans to support these companies through research, development, and investment at each stage of growth, from candidate substance development to clinical trials and commercialization. A dedicated director will be assigned to each selected company for up to five years of customized support, and the government will inject 150 billion won in policy financing over three years, including 60 billion won in investments and 90 billion won in guarantees from the Korea Technology Finance Corporation.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
