200 billion M&A fund to be set up for drug companies

The Ministry of Health and Welfare plans to set up a 200-billion won merger and acquisition (M&A) fund by 2014 and provide to make local pharmaceutical firms more globally competitive as part of efforts to foster the industry as one of the nation's new growth engines.

The health ministry views enlarging the size of domestic companies through M&As and providing funding for research and develo...