Osong: Acting President Choi Sang-mok on Wednesday reaffirmed the government's commitment to turning South Korea into one of the world's top five leaders in the advanced bio sector, stressing the emerging sector is comparable in size to major industries combined.
According to Yonhap News Agency, Choi made the remarks during his visit to the Osong bio cluster in central South Korea, where he reviewed the progress of the national bio committee, launched in January. The committee aims to establish South Korea as one of the world's top five bio industry leaders by 2035. It is responsible for developing strategies to foster the bio sector as a key driver of future economic growth.
Citing intensified global competition from major rivals, such as the United States and China, Choi emphasized the critical role of the committee in spearheading public-private cooperation. He also highlighted the need for South Korea to take the lead in the global contract development and manufacturing organization (CDMO) sector.
The committee has announced that it aims to expand the production capacity of domestic CDMOs by 2.5 times, with the goal of making South Korea the global leader in CDMO sales by 2032.