Pharmaceutical Processing World

  • Home
  • Regulatory
    • Recalls
  • Pharmaceutical Processing
  • Facility
  • Supply Chain
  • Equipment and Materials
  • Contract Manufacturing
  • Resources
    • Voices
  • Advertise
  • SUBSCRIBE

Korean pharma sector sees significant increase in competitiveness 

By Brian Buntz | September 2, 2022

South Korean flag

[Image courtesy of Wikipedia]

Provisional CPHI Annual survey data indicate that South Korea’s pharma sector is moving up in the world. 

The 2022 CPHI Annual survey found that the Korean pharma sector saw a 12% boost in overall competitiveness. 

The acronym CHPI refers to the Convention on Pharmaceutical Ingredients.

While in 2019, some industry observers were opining that South Korea’s pharma dreams were struggling, South Korea had a faster recovery from the pandemic than many other Asian countries. 

The Korean pharma sector also was able to fast-track a national, home-grown vaccine development program, becoming a leading global vaccine manufacturer as a result.

Its contract manufacturing industry has seen fast growth in the past two years. 

Prominent pharma companies in Korea include Yuhan Corp., Kolmar Korea, GC Pharma, Chong Kun Dang, Hanmi Pharmaceutical, Kwang Dong Pharmaceutical and Daewoong Pharmaceutical. 

 The Korean government anticipates the nation will have more than $50 billion in exports by 2030. As a result, international companies are working on strengthening supply chain links to the country. 

Korea’s pharma sector has been active for more than a century. 

Activity ramped up with the country’s patent system launch in 1987, prompting pharma companies to scale up R&D activities. 

In the past three decades, Korean pharma companies have launched 33 new drugs in the domestic market and achieved FDA approval for a novel monoclonal antibody biosimilar. 

South Korea’s government has also made significant investments in the country’s pharmaceutical and biotech industries in recent years. 

Korea also has a robust R&D network with approximately 150 supporting universities or colleges. 

About The Author

Brian Buntz

The pharma and biotech editor of WTWH Media, Brian is a veteran journalist with more than 15 years of experience covering an array of life science topics, including clinical trials, drug discovery and development and medical devices. Before coming to WTWH, he served as content director focused on connected devices at Informa. In addition, Brian covered the medical device sector for 10 years at UBM. At Qmed, he overhauled the brand’s news coverage and helped to grow the site’s traffic volume dramatically. He had previously held managing editor roles on two of the company’s medical device technology publications. Connect with him on LinkedIn or email at bbuntz@wtwhmedia.com.

Tell Us What You Think! Cancel reply

Related Articles Read More >

Moving toward the autonomous lab and what’s possible today
Antheia_Logo (1)
Pharma ingredient manufacturer Antheia raises $56M Series C
Genentech roche
Roche, Genentech to build $700M drug manufacturing plant in North Carolina
These are the logos of Otsuka Medical and ICU Medical.
ICU Medical, Otsuka Pharmaceutical Factory launch joint IV supply chain venture
“ppw
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest news, technologies, and developments in Pharmaceutical Processing.

DeviceTalks Tuesdays

DeviceTalks Tuesdays

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
Pharmaceutical Processing World
  • Subscribe to our E-Newsletter
  • Contact Us
  • About Us
  • R&D World
  • Drug Delivery Business News
  • Drug Discovery & Development
  • DeviceTalks
  • MassDevice
  • Medical Design & Outsourcing
  • MEDICAL TUBING + EXTRUSION
  • Medical Design Sourcing
  • Medtech100 Index
  • R&D 100 Awards

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Pharmaceutical Processing World

  • Home
  • Regulatory
    • Recalls
  • Pharmaceutical Processing
  • Facility
  • Supply Chain
  • Equipment and Materials
  • Contract Manufacturing
  • Resources
    • Voices
  • Advertise
  • SUBSCRIBE