Second Vice Minister of Health and Welfare Park Min-soo promised to support the biopharmaceutical sector by implementing drug pricing policies that reflect innovative values and improving the certification system for innovative pharmaceutical companies. Vice Minister Park also asked biopharmaceutical companies to make efforts to create blockbuster new drugs and jobs through bold technology development investment and open innovation.

Vice Minister Park made this announcement at the '78th KPBMA regular general meeting' held at the KPBMA on the 21st. Vice Minister Park said, “The biopharmaceutical industry is at a very important juncture in leaping into the global market by having the capacity to develop