Korean pharma market encroached by overseas companies with imports increased by 19%

Last year, imports of pharmaceutical and cosmetic products were increased by 13.6% compared to the year before.

Particularly, imports of finished drugs were enlarged by 19%, which shows the multinational pharmaceutical companies’ increasing share in the Korean market.

According to the Korea Pharmaceutical Traders Association(KPTA), the 2016’s export record of products, which include drugs, wa...