Research-oriented pharmaceutical firms set eyes on overseas markets

Korea’s research based pharmaceutical firms – LG Life Sciences (LGLS), Hanmi Pharm, Ilyang Pharm, Dong-A Pharm and Donwha Pharm, are going all-out to make inroads into foreign countries as the domestic market shows clear signs of reaching saturation point.

LGLS, which generated 41.2 billion won in overseas sales in the final quarter of last year, is more aggressive in tapping into foreign de...