Korea to pay 6 trillion won for 5-year patent extension

The proposed free trade agreement with the United States, if the U.S. proposed for the deal is fully accepted, is expected to cost as much as 6 trillion won within five years to the Korean pharmaceutical industry, according to a local civil group.

In a statement on December 7, the Korean Pharmacists for Democratic Society said that when the patent period of new drugs made by the United State...