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S Korea to buy vaccines for 20 mln people from Moderna

Seoul: South Korea has agreed to buy 40 million Covid-19 vaccine doses from US biotech company Moderna to inoculate 20 million people, presidential administration spokesman Kang Min-seok said at a briefing.

“President Moon Jae-in and Moderna CEO Stephane Bancel held a videoconference last night from 2153 hrs to 2220 hrs.

During a 27-minute conversation, they agreed to supply 40 million vaccine doses for 20 million people,” Kang said.

“This is twice the 20 million doses (previously) negotiated with the company. With the increased order volume, a price reduction is expected,” he said.

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