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Government to nurture innovative pharmaceutical firms

Published: 2012-02-06 06:59:00
Updated: 2012-02-06 06:59:00
The Ministry of Health and Welfare unveiled a set of plans on Jan. 6 to nurture 12 globally competitive pharmaceutical companies by 2020. The 12 firms will develop 10 new drugs, and the country will take up 5.4 percent of the global pharmaceutical export market in eight years. Its current market share is 0.2 percent.

The ministry also said it will offer a total of 146 billion won in subsidie...

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