Korea to spend 10 trillion won to develop 20 new drugs

The Korean government unveiled a set of plans on Sunday to spend a combined 10 trillion won on the project to develop 20 new drugs over the next five years in collaboration with private local drug makers.

According to the Ministry of Health and Welfare, the government-led five-year project is the first stage of the plan of "Pharma 2020 Vision" released by the government last year, which is a...