PBD’s activites

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PBD’s activites

The Korean government establishes a master plan every five years pursuant to Article 4 of the Special Act on Fostering and Support of Pharmaceutical Industry, which was enacted (March 2011) and put into effect (March 2012) to promote the strategic fostering of the industry.

Vision and Goals for the Development of the Pharmaceutical Industry

12 Implementation Strategies

  1. R&D
    1. 1 Foster next-generation fields with a promising future to lead the 4IR
    2. 2 Enhance support systems to increase new drug development success rates
    3. 3 Carry out R&D investments for public purposes in the pharmaceutical field
  2. HR Development
    1. 1 Strengthen the nurturing of professional resources in diverse pharmaceutical fields
    2. 2 Increase support to create quality jobs
    3. 3 Invigorate business startup to expand the growth engine for the biopharmaceutical industry
  3. Export Support
    1. 1 Construct platforms for overseas market entry
    2. 2 Improve the export capabilities of pharmaceutical companies
    3. 3 Invigorate entry into local pharmaceutical markets
  4. Institutional Improvement
    1. 1 Invigorate private investments through policy-directed finance and tax support programs
    2. 2 Reinforce the institutional foundation to revitalize new drug development drives
    3. 3 Establish systems to accomodate changes in the pharmaceutical ecosystem
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