Korean large business groups should turn to world pharmaceutical market: local seminar

Amid the situation that Korea's pharmaceutical market size is estimated at 8 trillion won and its R&D investment hovers at 4 percent to 300 billion won, Korean conglomerates should make massive amount of R&D investment for the development of blockbuster drugs towards the global market of about 50 trillion won.

In a recent seminar co-organized by the Federation of Korean Industries, the busin...