The government has finalized a plan to create a K-Bio and Vaccine Fund" worth a total of 500 billion won this year and has started selecting operators. In the future, the government plans to expand the scale to around 1 trillion won. The MOHW (first vice minister Cho Kyu-hong) announced on the 4th that it will report and confirm the plan to create a K-bio and vaccine fund at the emergency economic welfare meeting on July 27 and launch a public offering for the fund formation as a follow-up measure.

To form the fund, the MOHW will announce the selection of operators to operate the fund through Korea Venture Investment from the 4th to 2 p.m. on the 26th, and hold a briefing session for fund managers onlin