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Government sets up W100 billion fund to aid struggling pharmaceutical firms
The government has launched a 100 billion won Korea Venture Fund to help local companies develop advanced technology and expand to overseas markets, the Ministry of Health and Welfare said Thursday.
The fund dubbed ““Global Pharmaceutical Industry Support Fund” will be spent on encouraging local drug makers to develop new drugs, promote sales and expand production capacity, officials said.
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The fund dubbed ““Global Pharmaceutical Industry Support Fund” will be spent on encouraging local drug makers to develop new drugs, promote sales and expand production capacity, officials said.
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