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Key Words For Korean Pharma In 2010s: Novelty, Open Innovation, Global Markets

Industry Pursues More Originality

 
• By Jung Won Shin

From being generics-focused to becoming innovators and leaders in biosimilars, Scrip takes a look at how the Korean pharma sector and environment have evolved over the past 10 years.

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How Did Korean Pharma Change In Past Decade? • Source: Shutterstock

The South Korean pharma industry has gone through vast changes in the past decade. The sector has shifted its focus more to the development of new drugs and away from generics, increased the development of biologics/biosimilars and become more active in seeking open innovation and pursuing entry into global markets to ensure growth. 

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