Focused on Education - ISPE Korea Affliate
Home to more than 51 million people, South Korea is one of the "Four Asian Tigers," along with Hong Kong, Singapore, and Taiwan. These countries experienced rapid expansion and high growth rates beginning in the 1960s, developing into highly advanced economies. South Korea's pharmaceutical industry is the third largest in Asia and the 13th largest in the world, with annual sales that are expected to grow from approximately $15.1 billion in 2015 to over $18 billion in 2020.
- 1. US Department of Commerce. International Trade Administration. "2016 Top Markets Report: Pharmaceuticals Country Case Study." https://www.trade.gov/topmarkets/pdf/Pharmaceuticals_Korea.pdf Blue highlighted content Box