South Korea Funds Cosmetic Expansions Overseas


South Korea created a $125.8 million fund to help local health care and cosmetics industries expand overseas.

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The fund is said to be aimed at boosting private investment in the health care industry and giving financial support to the pharmaceutical and medical equipment companies. Money will be invested into pharmaceutical and cosmetics firms and medical equipment manufacturers, as well as medical institutions planning to go abroad.

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The funds are available for eight years.

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