Minister Kang Kyung-hwa Meets with Director of International Vaccine Institute: "Role of International Organizations with Public Interest Becomes More Important"

[Asia Economy Reporter Lim Cheol-young] On the morning of the 12th, Foreign Minister Kang Kyung-wha met with Jerome Kim, Director General of the International Vaccine Institute (IVI), and listened to IVI's achievements and current activities related to the novel coronavirus disease (COVID-19).

IVI is the first international organization hosted by Korea (established in 1997) engaged in vaccine research, development, and distribution activities. The Korean government supports 30% of its annual operating costs (approximately 5 million USD).

Jerome Kim, Director General of IVI, introduced the development and distribution of the cholera vaccine, a representative case realizing IVI's vision of supporting developing countries through affordable vaccine development, and explained that IVI is actively participating in research for COVID-19 vaccine development.

In response, Minister Kang evaluated that considering the heightened awareness of the international community on the importance of epidemic response and preparedness due to the COVID-19 situation this year, IVI's role as an international organization possessing expertise and publicness in vaccine development and distribution is becoming increasingly important.

Furthermore, Jerome Kim expressed gratitude for Korea's contribution to IVI's development as the host country and largest donor of IVI.

Minister Kang and Director General Kim agreed that vaccine development and distribution are essential in responding to the common threat of infectious diseases to humanity and decided to continue close cooperation going forward.

This content was produced with the assistance of AI translation services.