The government needs to create a sovereign wealth fund

By Lee, Jeong-Hwan | translator Choi HeeYoung

21.10.27 12:19:16

가나다라 0

Kang "Intensive investment in three phases with government and private funds...""You need to have a new native medicine"

Seo said,"Does gov. have any will to make Korean Pfizer?"

The National Assembly's Health and Welfare Committee urged both ruling and opposition parties to create tens to hundreds of trillion won worth of sovereign wealth funds to develop blockbuster vaccines and new drugs. As COVID-19 Pandemic has confirmed high demand in the global market for pharmaceutical and bio sectors such as vaccines and new drugs, Korea is also aiming to properly foster global big pharma like Pfizer.

On the 27th, Rep. Seo Jung-sook of the People Power Party and Rep. Kang Byeongwon, affiliated with the Welfare Committee, strongly appealed to the MOHW that it is necessary to create a mega-level sovereign wealth fund to foster bio and pharmaceuticals in Korea.

According to

Lee, Jeong-Hwan(junghwanss@dailypharm.com)

If you want to see the full article, please JOIN US (click)