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1 trillion won to set aside for research for 10 years

Published: 2007-07-02 06:57:00
Updated: 2007-07-02 06:57:00
The Ministry of Health Welfare said on June 27 that the government will allocate 1 trillion won for ten years to support the domestic pharmaceutical industry, which are expected to be hard hit by the free trade agreement with the United States.

The ministry plans to earmark 810 billion won for research and development (R&D) of new drugs and generic drugs for 10 years.

A ministry official...

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