성윤모 산업부장관 "바이오산업, 미래 성장동력으로 적극 육성"
Seoul's Minister of Industry, Trade and Energy vowed to nurture the nation's biotech sector.
At a New Year ceremony hosted by the Korea Biotechnology Industry Organization, Sung Yoon-mo said the government will ease regulations to facilitate the development of products and services in the biotech industry and create more jobs.
The minister pointed out the sector has grown by an annual average of eight percent in terms of production, and 13 percent in exports over the last five years.
To further boost innovation in the sector, he said the government will increase R&D and technology transfer between universities and venture companies.
