Local hair-regrowth market not big enough for pharmaceutical industry

Catching up with the country's ever-growing anti-alopecia market, leading pharmaceutical firms are biting into the market in hopes of acquiring a larger share.

The local hair market size is estimated to be worth around 1 trillion won. Wig and shampoo products account for 50 percent of the whole market, while the sales of total medicinal products including Hyundai's Minoxyl and CJ Cheil Jedan...