Korea 2021 Roundup: License Deals, Overseas Sales Key Factors In Earnings

Hanmi, GC Pharma, SK Affiliates Strong Performers

A Scrip roundup of 2021 earnings for major Korean pharma firms shows top performers included Hanmi Pharma, GC Pharma and SK Group affiliates, which were boosted by new license deals, strong overseas sales and high-margin vaccines and other products.

earnings
As Korean Pharmas Globalize, License Deal, Overseas Sales Impact Grow • Source: Alamy

As more South Korean pharma companies seek to globalize and do cross-border license deals, licensing-related income and sales from overseas subsidiaries appear to be taking on greater weight in their financial performance.

The group reported largely solid earnings in calendar 2021, helped by multiple agreements and robust sales outside the country, as well as by

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