Tag: science

  • Korea to boost science, technology

    Korea to boost science, technology

    Korea vowed Friday to increase its number of scientists and engineers and strengthen the quality of math and science education as it unveiled a blueprint that could set the tone for the development of science and technology.

    The government said it aims to improve its ranking in the category of availability of scientists and engineers to 20th by 2040 from 39th in the Global Competitiveness Report 2016-2017 released by the World Economic Forum.

    The plan was endorsed by the National Science and Technology Council earlier in the day.

    The government also said it is pushing to ensure that 40 Korean scientists will make it on the coveted list of Thomson Reuters’ “World’s Most Influential Scientific Minds” by 2020 from 28 in 2017.

    The government said it will foster sustained innovation in a break with the country’s decades-old practice of pursuing short-term outcomes.

    Yoo Young-min, minister of science and ICT, said that the government will monitor progress in achieving its goals on a yearly basis.

    Korea said it will push to increase the number of its universities listed among the world’s top 100 universities to 10 by 2040 from four in 2017.

    Asia’s fourth-largest economy has been racing to boost science and technology, seeing them as key engines for growth going forward.

    The blueprint also called for Korea to raise its ranking in quality of math and science education to 15th place in the Global Competitiveness Report by 2040 from 36th place in 2016.

  • Merck foresees healthy growth ahead in Indonesia

    Merck foresees healthy growth ahead in Indonesia

    Publicly listed Merck, founded in 1970 as the Indonesian unit of German life science group Merck KGaA, expects double-digit growth in total sales in 2016 following a similar growth in its healthcare business last year.

    The biopharma business, for example, rose by 14.5% in 2015, above the industry average of 8% to 9%. On the other hand, the consumer health business soared by 16%, according to the Jakarta Post.

    The Indonesia unit will also strengthen its current strategy of maintaining partnerships with both private and government organizations such as the Health Ministry and the Jakarta Administration, through which Merck will expand public awareness about health issues, encourage public acceptance and broaden market access for Merck’s pharmaceutical products.

    Merck is also currently expanding the production capacity of its factory in TB Simatupang, South Jakarta, to further boost future sales.

    These and other key industry news will be discussed next week at CPhI SEA, the only trade exhibition dedicated to the pharma industry in the region, to be held at the Jakarta International Expo during April 6-8.