seoul to spend 1 tln won for development of new medicines
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Seoul to spend 1 tln won for development of new medicines

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Arab Today, arab today Seoul to spend 1 tln won for development of new medicines

Seoul - Yonhap

South Korea on Tuesday said it will spend 1 trillion won (US$877 million) by 2020 to help local pharmaceutical firms develop new drugs. As an initial step, the government launched a new committee to oversee the support project. The committee consists of officials from three government ministries -- the Ministry of Health and Welfare, the Ministry of Knowledge Economy and the Ministry of Education, Science and Technology.

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