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South Korea launches US$2 billion plan to make Covid-19 vaccine production as important as semiconductors | South China Morning Post

August 10, 2021
Source: scmp.com scmp.com
News Snapshot:
South Korea’s plan to boost vaccine production, making it one of the new drivers of its economy along with semiconductors and batteries, will enhance its importance as a global supplier amid deepening US-China rivalry , said analysts. Seoul last week announced it would inject 2.2 trillion won (US$1.9 billion) into the sector, with a view to catching up with major vaccine producers including China, India, the EU and the US over the next five years. President Moon Jae-in said South Korea planned to help close the gap in the Covid-19 vaccine shortfall that has left poorer nations grappling for access....
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