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Home » South Korea's blockbuster ambitions need more private investment, effective policies
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South Korea's blockbuster ambitions need more private investment, effective policies

Aug. 13, 2019
By Jihyun Kim
HONG KONG – South Korea is the third biggest pharmaceutical market in Asia following China and Japan. Even though it accounts for 1.8% of the global pharmaceutical market, the country aims to launch at least two blockbuster drugs by 2030. Backed by massive support from the government, Korea's biopharmaceutical industry is focusing on R&D, production and out-licensing to make high-value new drugs.
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