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Korea’s Biopharma Policies Put To Test Amid Political Turmoil

Discontinuity Concerns Raised

 
• By Jung Won Shin

A short-lived but shocking attempt to declare martial law by South Korea's president has thrown the country into political turmoil which could disrupt foreign biopharma investment and key policy initiatives.

Political Turmoil
Political Stability, Policy, Regulatory Environment Crucial For Global Pharmas (Shutterstock)

The year-end festive mood in South Korea ended abruptly on the night of 3 December with a shocking but short-lived martial law declaration by President Suk Yeul Yoon, citing “anti-state” acts by opposition political parties.

The surprise move was the first in 45 years in the country and reverberated around the world, and while it was lifted just six hours later after being rejected by 190

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