Three ministries to invest 530 billion won until 2009

Korea is pushing a 1-trillion won national project to develop 10 new drugs by 2019 in the pharmaceutical sector that would lead the nation’s growth in future decades.

The government has recently set out long-term research and development plan to invest 530 billion won to be financed by the Ministry of Health Welfare, the Ministry of Knowledge Economy and the Ministry of Education, Science an...