In a policy discussion held to promote the cultivation of the Korean bio-health industry, many participants raised a concerted voice for the need to establish a control tower that can orchestrate the biotech policies scattered throughout various agencies and ministries.
At the discussion held on April 19 under the theme of “Let’s shift the bio-health paradigm,” many presented a view that it is urgently needed to establish a dedicated department for the development of the bio-health industry. This view, however, conflicted with others who claimed that such a department could serve nothing more than another regulatory barrier.
Chung In-seok, head of the Korean Society for Bio Economics and professor at the Hankuk University for Foreign Studies, claimed, “Korea became an IT superpower thanks to the establishment of the Ministry of Information and Communication in the past. As such, we can nurture the biotech industry by establishing a ministry dedicated to the development of the industries.”
There were some who presented opposing views. Lee Myung-hwa, researcher at the Science and Technology Policy Institute, said, “Various organizations were set up in the past to serve the role as a control tower. Most of them, however, failed to achieve their goals, bringing about more policy confusions.”