Bio Industry

Healthcare Regulations in Korea (1) Pharmaceutical Industry

1. Pharmaceutical Industry in Korea As of December 2018, the global pharmaceutical market was worth KRW 1,418 trillion (approximately USD 1 trillion). The U.S. holds the largest share of the market accounting for 40.2%, which is followed by China (11%), Japan (7.2%), Germany (4.4%) and France (3.1%). The size of the pharmaceutical market in Korea is KRW 23 trillion, which is the 12th largest (1.6%) in the world. In Korea,

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