Matej Mikulic
Research expert covering health, pharma & medtech
Pharmaceutical industry in South Korea - statistics & facts
The pharmaceutical industry in South Korea is a significant industry, worth around 29.9 trillion South Korean won as of 2022. That same year, pharmaceutical spending accounted for approximately 1.7 percent of South Korea’s GDP, while spending per capita continued to increase steadily. In addition, the exports of pharmaceutical products from South Korea increased sharply during the coronavirus (COVID-19) pandemic.
