Government to pick innovative pharmaceutical companies

Published: 2012-01-11 07:00:00

Updated: 2012-01-11 07:00:00

In an effort to develop Korea into the seventh-largest power in the industry, the Ministry of Health and Welfare announced a set of plans on Jan. 6 to nurture 12 globally competitive pharmaceutical companies by 2020.

Under the plan, the ministry will offer a total of 146 billion won in subsidi...

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