Updated on 20 June 2015
South Korea is the fourth largest contributor to the lifescience market in the region.
• Korean Ministry of Food and Drug Safety (MFDS) stated that medicine exports of the country rose by more than 13 percent in 2014
• In a bid to support and nurture domestic vaccine manufacturers to help in increasing vaccine exports, Korea decided to expand counseling service to help them obtain WHO's pre-qualification certificate
• Outbound shipments of locally made medicines stood at $2.41 billion in 2014, up by 13.5 percent