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Private S.Korea firms plan 6.3 trillion won investment to create vaccine hub | Malay Mail

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SEOUL, Nov 2 — South Korea’s private sector plans to invest 6.3 trillion won (RM.4 billion) in vaccine production and distribution by 2024, as the country seeks to become a global vaccine powerhouse, Prime Minister Kim Boo-kyum said today. South Korea already has deals to produce three...

The investment plan includes 4.24 trillion won spending by Samsung BioLogics and 1.5 trillion won by drugmaker Celltrion, the government data showed.

Kim said the government had selected 14 companies in the vaccine supply chain eligible for 18 billion won of state financial support, as the government develops the industry to become a major pillar.The move comes after President Moon Jae-in in May unveiled his plan for a

 

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