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Total Healthcare R&D Budget Surpasses over 100 Billion Won Mark

Published: 2005-01-19 07:00:00
Updated: 2005-01-19 07:00:00
The Ministry of Health and Welfare (MOHW) announced on January 17th that the total research and development budget in support of healthcare industry for this year has surpassed over the 100 billion won mark, up 9.8% from the year prior.

The MOHW started its budgetary support in 1995, where the initial amount was 12.8 billion won. Over the ten-year period, the R&D budget has increased nearly...

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