President Moon: "Confident in Becoming a Global Vaccine Hub... Discussing No Punishment for Vaccine Development Failures"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] On the 5th, President Moon Jae-in expressed confidence in the global vaccine hub and requested discussions to ensure that there would be no blame in case of vaccine development failure.

President Moon presided over the 'K-Global Vaccine Hub Vision and Strategy Reporting Conference' at the Blue House in the afternoon and said in his closing remarks, "After listening to the stories of companies related to vaccines and raw materials, I have gained confidence that we can fully achieve the goal of becoming a global vaccine hub."

He added, "The establishment of a global vaccine hub is meaningful in overcoming the worldwide COVID-19 crisis and protecting humanity," and "It is also important in resolving the inequality between global vaccine demand and supply."

He continued, "To ensure that COVID-19 vaccine development capabilities can lead to other vaccine development capabilities, there must be whole-of-government support and close cooperation between the public and private sectors, along with diplomatic efforts," and requested, "Vaccine development sometimes takes longer than expected or research is delayed, so the government should provide continuous support and the Global Vaccine Hub Promotion Committee should discuss measures to prevent blame even in cases of failure."

At the meeting, Minister of Health and Welfare Kwon Deok-cheol reported the 'K-Global Vaccine Hub Vision and Strategy,' which includes ▲rapid development of domestic COVID-19 vaccines ▲expansion of global production cooperation ▲rapid establishment of a global vaccine hub foundation, followed by presentations from companies related to vaccines and raw materials.

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