Government to Launch the Pan-Governmental Control Tower for Creation of New Bio-Health Markets
- Regdate2023-10-27 15:46
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Government to Launch the Pan-Governmental Control Tower for Creation of New Bio-Health Markets
The Presidential Decree on the “Bio-Health Innovation Commission”
has been established, laying foundation for growth of national key strategic industry
On October 17, the Ministry of Health and Welfare (Minister Cho, KyooHong) announced that the government has enacted the Presidential Decree* on the establishment of the “Bio-Health Innovation Commission” to foster the bio-health industry and to provide systematic support for integration and convergence of the industry and the latest technologies including AI and nanotechnology.
* The Regulations on the Establishment and Operation of the Bio-Health Innovation Commission (Presidential Decree No. 461)
Over time, it has been pointed out that the bio-health tasks related to pharmaceuticals, medical devices, and health care technologies have been hindered by compartmentalization across various ministries, fields, and stages, resulting in fragmented government policies.
In response, following the announcement of the Strategies to Create New Bio-Health Markets on February 28, the Ministry of Health and Welfare has been pushing for the establishment of the 'Bio-Health Innovation Commission', a comprehensive government control tower presided over by the Prime Minister, encompassing all areas of bio-health.
The Bio-Health Innovation Commission will be chaired by the Prime Minister and composed of the heads of 12 government ministries, including the Ministry of Health and Welfare, Ministry of Economy and Finance, Ministry of Education, Ministry of Science and ICT, Ministry of Foreign Affairs, Ministry of Commerce, Industry and Energy, Ministry of SMEs and Startups, Ministry of Food and Drug Safety, Office for Government Policy Coordination (Prime Minister’s Secretariat), Personal Information Protection Commission, Korean Intellectual Property Office, and Korea Disease Control and Prevention Agency, as well as private-sector experts from academia and industry. All of these government organizations will work together with the focus on reviewing and deliberating policies and plans aimed at providing support throughout the entire cycle of the development of bio-health technology, the development and commercialization of bio-health products, insurance coverage, and market expansion.
Hwang Seunghyeon, Director General of the Global Vaccine Hub Office, Ministry of Health and Welfare said, “The Bio-Health Innovation Commission will play a central role in mobilizing resources from both the public and private sectors in order to build the bedrock for the bio-health industry to grow as one of Korea’s future growth engines and core strategic industries. As such, the Commission will convene its first meeting as early as November and discuss issues starting from the most imperative ones.”///
★231017- (MOHW) Government to Launch the Pan-Governmental Control Tower for Creation of New Bio-Health Markets.pdf