banner

Bill Gates and South Korea deepen their relationship in global health

South Korea and Bill Gates' foundation, the co-founder of Microsoft Corp (MSFT.O), decided to strengthen their relationship on global health.


Bill Gates and South Korea deepen their relationship in global health

SEOUL, Aug 16, 5:57 PM (Reuters) - On Tuesday, South Korea and Bill Gates' foundation, the co-founder of Microsoft Corp (MSFT.O), decided to strengthen their relationship on global health. They agreed after Gates urged Seoul to expand aid and play a role in global health.

According to a statement from South Korea's foreign and health ministries, the agreement calls for expanding private and public sector collaboration between the Bill & Melinda Gates Foundation. South Korea also took initiatives like a global health research fund and collaborating with health organizations like CEPI. To create vaccines to prevent future epidemics, the Coalition for Epidemic Preparedness Innovations (CEPI) collaborates with public, private, non-profit, and civil society organizations.

According to the ministries, South Korea will assist in training 370 individuals from low-income nations by producing vaccines for this year. Beginning in 2026, the number of individuals trained would increase to 2,000 annually. "Global health is in a critical situation right now. Additionally, it is a terrific time for our foundation to deepen its relationship with Korea by offering innovative suggestions for new instruments and resources to aid those in needs, "Gates stated during a speech to the National Assembly on Tuesday.

Gates demanded more funding for organizations during a meeting with South Korea's National Assembly Speaker Kim Jin-Pyo and other lawmakers to help third world countries' health conditions and prevent pandemics. He also questioned whether South Korea would be able to increase its international aid to 0.3% of GDP.

President Yoon Suk-yeol informed Gates at their meeting that South Korea's government wished to work with his foundation to promote high-quality bio-health technologies. Bill Gates later met with representatives of SK Bioscience, which received $10 million from CEPI to develop its COVID-19 vaccine.

Source

you may also like