What We Do

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The Trans-Governmental, Full Cycle Novel Drug Development Project has been launched as a national R&D project. It is operated jointly by the ministries which have been supporting the area of novel drug development- The Ministry of Science and ICT, Ministry of Trade, Industry and Energy and Ministry of Health and Welfare.

 

For the project duration of 9 years between 2011 and 2020, annual investments of 30 ~75 billion won will be made and 200 projects will be sponsored in total, based on the total project budget of 1.06 trillion won (0.53 trillion won from the government funding and 0.53 trillion won from the private funding).

 

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