President Moon Jae-in on May 22 gives a speech at a ceremony in Osong, Chungcheongbuk-do Province, announcing the government's vision of fostering the biohealth industry as a next-generation engine for economic growth. (Cheong Wa Dae)

By Jung Joo-ri and Lee Jihae 

President Moon Jae-in on May 22 announced the government's road map for fostering the biohealth industry as a new engine for economic growth. 

At a seminar in Osong, Chungcheongbuk-do Province, he said plans are in place to have the domestic sector for pharmaceuticals and medical devices grab 6 percent of the global market, hit USD 50 billion in exports and become one of the country's five biggest export industries by 2030. 

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