K-bio and Vaccine Fund No.3 is soon to be launched. Considering the recent contraction of the investment market, the entire amount of KRW 40 billion of investment money from the government and the government-run bank has been invested, regardless of the formation size. Once the initial formation of KRW 70 billion is raised, early investment will be possible.

In August 2022, the Ministry of Health and Welfare (MOHW) announced the establishment of the K-Bio and Vaccine Fund as part of the government’s policy commitments. The MOHW stated that it had invested KRW 50 billion and KRW 100 billion each in two funds, with additional investments of KRW 100 billion from the government-run banks (Korea D