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Korea's big firms urged to promote pharmaceutical industry

Published: 2012-01-26 06:58:00
Updated: 2012-01-26 06:58:00
The government unveiled an ambitious vision in 2010 to foster global pharmaceutical firms through the creation of a large-scale R&D fund and offering various tax benefits to local companies.

At that time the Ministry of Strategy and Finance said it would set up a two-trillion won fund by 2015 and provide tax breaks and other incentives to make local pharmaceutical firms more globally competi...

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