By Kim Han-joo
SEOUL, April 20 (Yonhap) -- A subsidiary of South Korean bio-tech company GL Rapah will begin producing Russian COVID-19 vaccines in the country in May, with all doses bound for export, industry sources said Tuesday.
Under the agreement with Russia's sovereign wealth fund, Russian Direct Investment Fund (RDIF), Hankook Korus will first manufacture 150 million doses of Sputnik V at a local factory, they said.
Another 500 million doses of Sputnik V will be manufactured in accordance with an agreement between a GL Rapha-led consortium and the RDIF.
All of the doses manufactured in South Korea will be for export and not for domestic usage, they added.
In February, GL Rapha completed organizing the consortium for the production of Sputnik V in the country, including eight leading pharmaceutical companies.
The RDIF described Sputnik V as "the world's first registered vaccine" based on "human adenoviral vector-based platform."
The first interim analysis of the Sputnik V vaccine of phase three clinical trials in Russia has demonstrated 92 percent efficacy against the new coronavirus based on 20 confirmed cases, the Moscow-based fund earlier said.
The Sputnik V vaccine was developed at the National Research Centre for Epidemiology and Microbiology in Moscow, and its clinical trials have been announced in the United Arab Emirates, India, Venezuela and Belarus, the fund said.
RM of BTS unveils self-written solo song 'Bicycle'
EXO sweeps iTunes albums chart in 85 regions
BTS song 'Butter' spends second week at No. 1 on Billboard Hot 100
Medical drama 'Hospital Playlist' aims to provide warmth amid pandemic: director
BTS to celebrate 8th debut anniversary with virtual fan meeting
(Obituary) Celebrity chef Im Ji-ho dies at 65
Moon arrives in Britain for G-7 summit
S. Korea's first Vatican Prefect You Heung-sik vows efforts for Pope's N. Korea visit
Moon joins G-7 summit, vows financial support for global vaccine supply
(LEAD) S. Korean bishop named to head Vatican Congregation for Clergy