President Moon Jae-in says South Korea will aim to led the world's efforts against COVID-19 and new infectious diseases, reaffirming the country's goal of becoming an international vaccine production hub.
He said this on Monday in a recorded video speech to celebrate the opening of the annual Global Bio Conference 2021.
"South Korea is doing its part to ramp up vaccine supplies by contracting to manufacture four different types of vaccines. We plan to more actively contribute to the global recovery from the pandemic by investing US$ 1.87 billion in the next five years."
President Moon pointed out that the biomedical industry has brought hope to humankind in fighting the coronavirus, and he highlighted how cooperation and innovation have enabled vaccines to be developed rapidly.
Moon further predicted that the sector will reach new highs by expanding cooperation with new industries like AI and Big Data.