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You are here: Home / Featured / Pharma14 adds South Korea to Global Medicine and Pricing Database

Pharma14 adds South Korea to Global Medicine and Pricing Database

The pharmaceutical market in South Korea is undergoing rapid expansion and expected to reach more than US$ 21 billion by 2021, up from 18.6 billion USD in 2016.

Forecasters expect a compounded annual growth rate of over 7% due to the South Korean government’s increasing focus on generics as a cost-cutting measure. In 2018, South Korea’s pharmaceutical exports continue to outpace imports as exports increased from approximately US$ 400 million in 2013 to US$ 2 billion in 2019. You can read more about South Korea’s dynamic pharmaceutical industry and access Pharma14’s full database here.



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