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Healthcare

Korea's healthcare industry is growing thanks to advancements in the production infrastructure of pharmaceuticals, medical devices and cosmetics, support for

healthcare-related companies to enter overseas markets and the expansion of research and development.

Achievements of Korea’s Healthcare Industry

  • Pharmaceuticals

    World’s first biosimilar antibody
    approved in EU('12)

  • Devices

    World’s largest market share in
    ultrasound imaging devices ('14)

  • Services

    Contract concluded to export
    KRW 70 billion hospital system
    to Saudi Arabia ('14)

* Source: Ministry of Science, ICT and Future Planning, Ministry of Trade, Industry & Energy, Ministry of Health and Welfare, Ministry of Food and Drug Safety (2014)

Technology gap between Korea and advanced countries in the bio sector

Korea is one of the leading countries in the bio sector.

  • Fusion medical device

    1.8year
  • Stem cell treatment

    2.8year
  • Gene therapy
    (Science technology 4.7 years,  BT 5 years)

    3.8year

* Sources: MSIP, MOTIE, MW, Korea Food & Drug Administration (2014)

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