"Let's develop new drugs with sales of ₩1 trillion"

President Moon said

It has entered the US and European bio markets such as Fort Know

Announced at the 'Korea Bio Industry' event on the 18th

President Moon Jae-in announced that by 2025, the government will cultivate 47,000 human resources in the bio industry and increase the bio R&D budget to ₩1.7 trillion, an additional ₩400 billion from this year.

 

In particular, he expressed his ambition to actively help the development of new blockbuster drugs with annual sales of ₩1 trillion by providing funding through the national budget and mega funds.

 

On the 18th, President Moon attended the 'Korea Bio Industry' event held at Yonsei University's Global Campus in Songdo, Incheon and made such a speech.

 

President Moon declared that the Republic of Korea will not only become a biopharmaceutical production base, but also a hyperpower of the bio industry.

 

In particular, President Moon directly mentioned Samsung Biologics and Celltrion, appealing for the possibility of developing domestic biopharmaceutical production and development capabilities.

 

President Moon said, " Samsung Biologics held a groundbreaking ceremony for a biopharmaceutical production plant investing ₩1.7 trillion, and Celltrion is holding a groundbreaking ceremony for a multi-species production plant and research center investing ₩500 billion." It will leap to No.

 

1 in production, and Celltrion will also be reborn as a global bioinnovative drug development company." President Moon said, "Our country's biopharmaceutical production capacity will expand 1.5 times from 600,000 liters to 91 million liters per year, and Korea will further solidify its position as a global production base." He said that Songdo will have the world's No.

 

1 production capacity by city standards, and we appreciate the big investment of the two companies with Incheon citizens.

 

President Moon also expressed his ambition that the competitiveness of the bio industry is determined by 'people and ideas', and that he will not spare national support for this.

 

Specifically, he said that he would significantly cultivate human resources in the bio industry and increase the bio R&D budget by ₩400 billion compared to this year.

 

He also promised to actively support the development of new blockbuster drugs by utilizing mega funds, and to build a bio ecosystem that leads to advancement into the global market through basic bio research conducted in universities and research institutes.

 

President Moon said, "By 2025, we will cultivate 47,000 human resources in the bio industry together with the private sector.

 

We will actively nurture not only experts in fields such as pharmaceuticals, medical devices, and healthcare, but also human resources using data and artificial intelligence.

 

The R&D budget is also planned to expand from ₩1.3 trillion to ₩1.7 trillion next year.

 

We will also actively help develop new blockbuster drugs that will generate annual sales of over ₩1 trillion." President Moon said, "We will make new ideas bloom not only in the lab, but to achieve concrete projects.

 

Basic research conducted in universities and research institutes will become a business by meeting ventures and small and medium-sized companies, and meeting large companies to lead to clinical trials and global advancement." “We will foster regional clusters such as Songdo, Wonju, Osong, and Daegu as a bridgehead for innovation and win-win growth,” he said.

 

“Korea is breaking the myth that it is difficult for an emerging country to become a bio hyperpower,” he said.

 

“It was expected to be the field to be hit the most during the Korea-US Free Trade Agreement (FTA).

 

He also said, "We are writing a new history of the industry.

 

The dream of Korea to become a hyperpower in the bio industry will surely come true."