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High import drug dependency, Korean drug ratio keeps falling

By Chon, Seung-Hyun | translator Byun Kyung A

20.12.26 06:20:52

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Korean-made complete drugs mark a record low market share of 74.1%


The dependency on imported pharmaceutical products in the South Korean market seems to be getting higher. The volume of the country¡¯s locally manufactured complete product and active pharmaceutical ingredient (API) has fallen for two consecutive years. The self-sufficiency in API has even halved in just two years.

According to the ¡®Food and Drug Statistics 2020¡¯ published by the Ministry of Food and Drug Safety (MFDS) on Dec. 25, the production of Korean-made complete drug has increased by 7.0 percent this year, compared to last year, reaching 19.84 trillion won. The complete product import generated 4.77 trillion won, surging 20.0 percent this year compared to 2018, when the import volume was also inc

Chon, Seung-Hyun(1000@dailypharm.com)
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