“ The purpose of this Act is to develop and support biotechnology more efficiently by laying the foundation of biotechnology research, and to contribute to the sound progress of the national economy by facilitating the industrialization of the technology. ”

“ The Minister of Knowledge Economy shall engage in supporting the advancement and improvement of the biotechnology-related industrial process, exploitation of new and renewable energy and efficient utilization of mineral resources, and to facilitate the industrialization of developed technologies, as well as to support the development of information communication technology for nurturing and building up biotechnology ”

“ Formulation of the basic plan for research and technology development in biotechnology, and establishment of major policies pursuant to the basic plan and coordination of their implementation; Formulation of the comprehensive plan for the development and utilization of human resources in the biotechnology field, and establishment of major policies and guidelines for the utilization of human resources, and coordination of their implementation ”