Why Korean pharma industry lacks in acquiring new drug approvals?

It was criticized the pharmaceutical industry lacks in new drug development as only having one drug developed by Korean pharmaceutical companies this year.

While there were 5 new drugs developed last year, ‘Olita Tab,’ the Hanmi Pharm’s lung cancer therapy, was the only new drug this year.

Not only with new drugs, the number of approvals for incrementally modified drugs did not reach the last...