Biotech Updates

Korea Continues Huge Investment on Biotech

March 30, 2007

Over 851 won (or about US$908 million) is what Korea is set to invest in biotechnology research and development. The Korean Overseas Information Service says that this amount represents a three percent increase over last year’s budget.

With this investment, the Korean government hopes to assume a more prominent role in the global arena of biotechnology. Among the countries that are members of the Organization for Economic Cooperation and Development, Korea ranks as one of the leading nations in research and development spending.

See the full press release at:
http://www.kois.go.kr/news/news/newsView.asp?serial_no=20070323028&part=107&SearchDay=&page=1.