PharmaBoardroom - Top 10 Korean Pharma Companies (2022)

As the 3rdlargest pharma region in Asia, Korea’s booming pharma industry owes much to its mass of family-run conglomerates known as Chaebol. It comes as no surprise to find tech giants Samsung and LG in this list who have transitioned seamlessly into the life-sciences sector.

Chong Kun Dang Pharmaceutical

PharmaBoardroom - Top 10 Korean Pharma Companies (1)CEO: Young-Joo Kim

Chong Kun Dang Pharmaceutical became the first Korean pharmaceutical company to export products to the US market through the obtainment of the U.S. FDA approval.

Chong Kun Dang Pharmaceutical Corp is one of the leading Korean pharmaceutical manufacturers and has a great strength on domestic sales not only with prescription drugs indicated for anti-hypertension, anti-hyperlipidemia and anti-diabetics but also with OTC drugs such a Penzal, Prefemine, Modcol and consumer health such as insecticides, hairdye, etc.

Their high-tech manufacturing facility, Cheon-An plant located in Cheon-An City, Chung Cheong Nam Do has an area of 13,700㎡ and gross floor area of 5,000㎡ .
Here the process of dispensing raw materials, production, packaging and release of finished products is controlled by an automated warehousing system.

Chong Kun Dang was the first in Korea to run its own research institute; it also invested a hugeportion of its resources in nurturing and training research manpower.

Chong Kun Dang Research Institute is characterized by three independent laboratories:
The New Drug Discovery Labs, for identifying innovative drug candidates, The Technology Development Labs, dedicated to generic drugs, APIs, and botanical drugs,
and The Bio Research Labs for developing antibodies, vaccines, and recombinant proteins.

Chong Kun Dang has distinguished achievements in drug development including the following:

Two new drugs, Duvie (type II diabetes) and Camtobell (cancer), were developed successfully.
CKD-732 (Beloranib), which was developed by Chong Kun Dang and licensed out to an US-based specialty pharma Zafgen.
CKD-11101, a biosimilar product to treat anaemia induced by chronic kidney disease is filed to MFDS after the completion of Phase 3 clinical trials.

Samsung Biologics

PharmaBoardroom - Top 10 Korean Pharma Companies (2)CEO: Tae Han Kim

Samsung BioLogics was established in April 2011 and is headquartered in Incheon, South Korea.

Since 2011 the company has moved quickly and the South Korean contract development and manufacturing organization (CDMO) has built a series of progressively larger, more advanced facilities, culminating in its 180,000L “Dream Plant.” This facility, the largest single plant of its kind, sets Samsung BioLogics up to become the world’s biggest contract manufacturer.

Together with its subsidiaries, Samsung Biologics engages in the research, development, and commercialization of biopharmaceutical products worldwide.

The company develops immunosuppressant biosimilars, such as Enbrel under the Brenzys and Benepali brand names; Remicade under the Renflexis and Flixabi brands; and Humira under the Hadlima and Imraldi brand names. The company also offers Herceptin, a biosimilar for the treatment of breast cancer under the Samfenet and Ontruzant brand name.

In addition, the company offers process development services, including upstream, downstream, and analytical technology; cell culture and purification; aseptic fill and finish, lyophilization, and support processes; quality and compliance, and quality control; and project management services.

Further, it provides contract manufacturing services for mammalian bulk manufacturing. Samsung Biologics Co.,Ltd. has a partnership agreement with the Immunomedics, Inc. to manufacture hRS7, an Immunomedics humanized antibody.

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SK Chemicals

PharmaBoardroom - Top 10 Korean Pharma Companies (3)CEO:Kim Cheol & Jeon Kwang Hyun

SK Chemicals started life as Sunkyung Textiles in 1969 and has since transitioned into an innovativechemical and life sciences enterprise representing South Korea.

SK Chemicals’ new mission is to “enhance human health and protect the Earth’s environment.”

The green chemical business is steadily progressing as a leading global company in the environmentally-friendly materials business by using state of the art technology, knowledge, and production facilities.

SK Chemicals operates on four core areas of business: bio-materials, composites, high-performance materials, and energy saving materials while continuing a commitment to R&D activities.

The active creation of new medicines continues to bolster SK Chemicals global position.

Hanmi Pharm

PharmaBoardroom - Top 10 Korean Pharma Companies (4)CEO:Jong Soo Woo

Hanmi Pharmaceutical Co was founded by Lim Sung-Gi in 1973 and is headquartered in Hwaseong-si, South Korea.

The engages in the manufacture and sale of pharmaceutical products. Its products include medicines for high blood pressure, hyperlipidemia, reflux esophagitis, and cerebrovascular disease.

In 2014, Hanmi invested over 150 billion won in R&D for the first time. Based on this, Hanmi focuses on developing new drug projects such as LAPSCOVERY and anticancer drugs targeting the global market.

Hanmi has globally proven its high technology and capacity with FDC (fixed-dose combinations) drugs. Amosartan, a hypertension drug, is exported to 51 countries around the world through Merck. Hanmi also develops and proceeds with many FDC drug projects with GSK.

Daewoong Pharma

PharmaBoardroom - Top 10 Korean Pharma Companies (5)CEO: Seng Ho Jeon

Established in 1945, Daewoong Pharmaceutical Co., Ltd. has the largest prescription drug sales in Korea and envisions itself to become a top 50 global healthcare company by 2020.

In addition to its product portfolio, which includes 15 blockbuster products, Daewoong has built strong core competency for new drug development and has cultivated a cooperative culture for collaboration with global partners.

In the future, Daewoong will expand its global business with its foreign branches and global partners and become a global healthcare group which contributes to improving the quality of life for people worldwide.

In May 2018 Daewoong Pharmaceutical won the Canadian government’s Good Manufacturing Practices (GMP) certification for the plant they set up there to produce Nabota, its brand of botulinum toxin (botox).


Ildong Pharmaceutical

PharmaBoardroom - Top 10 Korean Pharma Companies (6)CEO: Yun Paul Woongsup

Ildong Pharmaceutical is an established and respected name in South Korea’s pharmaceutical industry. They specialize in developing, manufacturing, and supplying pharmaceutical products.

Ildong Pharmaceutical’s researchers and scientists use state-of-art laboratories and equipment to develop new drugs to battle against resistant bacteria, malignant tumours, Alzheimer’s disease, obesity, and ageing. They are well known for their capacity in the development of raw vitamins, probiotics, and antimicrobials.

Ildong Pharmaceutical has developed a number of power brands such as Biovita, the first commercial lactobacillus product to be introduced in South Korea, and Aronamin, a lineup of popular multivitamins. The company also works with global pharmaceutical companies to manufacture original prescription drugs and utilizes its internal synthesis capacity to manufacture a wide variety of generic prescription drugs.

Ildong Pharmaceutical is currently expanding into functional health food, medical device, cosmetic, and beverage industries and evolving into a total healthcare company of global proportions.

GC Pharma

PharmaBoardroom - Top 10 Korean Pharma Companies (7)CEO: Huh Il Sup

In 1971, GC Pharma (formerly known as Green Cross Corporation) became the first company in S.Korea and the sixth company in the world to establish a plasma fractionation plant. In 2009, it completed the construction of the Ochang Plant, the largest biotech facility at the time. GC Pharma has been producing and exporting a variety of plasma-derived products, including albumin, immunoglobulin, and antithrombin.

Disease prevention is an area of focus for the company. In 1983, the company became the third in the world to develop a hepatitis-B vaccine, known as Hepavax, followed by in 1988 becoming the first in the world to develop a vaccine against the Hantavirus hemorrhagic fever (Hantavax). In 1993, GC Pharma became the second in the world to develop a varicella vaccine (Suduvax), and in 2015 it became the fourth in the world to develop a quadrivalent flu vaccine (GC Flu Quadrivalent).

In addition, GC Pharma has been tackling rare diseases with recombinant DNA technology, becoming the second in the world to develop a treatment for Hunter syndrome (Hunterase) in 2012 and the third in the world to introduce a recombinant factor treatment for hemophilia A (GreenGene F) in 2010.

In 2001, GC Pharma became the first pharmaceutical company in Korea to adopt a holding company structure with GC in an effort to enhance its specialization and competitiveness in the global market.

GC has also set up local companies in the United States (plasma centers) and China (plasma-fractionation facility and distribution center).

In addition to launching flu and varicella vaccines on the international organization procurement market, GC Pharma has also recently opened a plasma fractionation plant in Canada and begun the process of obtaining a product license for its immunoglobulin, IVIG-SN, from the U.S. Food and Drug Administration (FDA) — an effort to expand its presence in the North American and global market.

LG Chem

PharmaBoardroom - Top 10 Korean Pharma Companies (8)CEO: Park, Jin-Soo

LG Chem was founded in 2001and is headquartered in Seoul, South Korea.
The company has built a global network for production, sales and R&D not only in Korea but also in main bases across the world and has provided globally competitive products including ABS, polarizers and EV battery cells, raising its global position as a material supplier.

After creating a longstanding dominance in the electrical and IT market LG expanded its business into Life Science area, building a future-oriented business portfolio.

Life Sciences is the company’s new growth engine in the mid to long-term goal.
The company has secured the differentiated R&D competence and has received the U.S. FDA approval for its new drugs for the first time in Korea.

The company has actively penetrated into the overseas market and has expanded the pipelines for developing new drugs with active investment in R&D.

Celltrion

PharmaBoardroom - Top 10 Korean Pharma Companies (9)CEO: Jung Jin Seo

Established in 2012, Celltrion is a biopharmaceutical company headquartered in Incheon, South Korea.

In 2015 the company launched Remsima, the world’s first biosimilar monoclonal antibody (mAb) to be approved by the European Medicines Agency (EMA).

In November 2018 Celltrion Healthcare, the marketing arm of the company, won a huge deal in France with big tenders for Herzuma, a biosimilar of Roche’s blockbuster breast cancer treatment Herceptin.

Celltrion continues to concentrate its capacities on the development of innovative novel biologics, such as bio-betters, ADC, and therapeutic agents for influenza, based on the technologies and production capacities accumulated through developing the antibody biosimilar.

In 2018, Celltrion was ranked #82 on Forbes Top Regarded Companies List and #14 on their World’s Most Innovative Companies List.

Yuhan

PharmaBoardroom - Top 10 Korean Pharma Companies (10)CEO: Jung Hee Lee

Yuhan Pharmaceuticals is a South Korean pharmaceutical and chemical company established in 1926 and headquartered in Daebang-dong, Dongjak-gu, Seoul, Korea.

Yuhan recently established a wholly owned subsidiary, named Yuhan USA, in San Diego.

The company engages in the research and development, and production of active pharmaceutical products and intermediates, such as antivirals, antibiotics, antihistamines, antidiabetics, beta-lactamase inhibitors, CNS intermediates, and PEGylated compounds.

It also offers Revanex, an acid pump antagonist for the treatment of peptic ulcers and gastritis-related mucosal injury. In addition, the company provides ETC products in various areas, and OTC products, such as vitamins and minerals, dermatology and analgesics drugs, and others. Additionally, the company provides contract manufacturing services.

FAQs

What are the top 10 pharmaceutical companies? ›

List of Top Pharma Companies in India
  • Torrent Pharmaceuticals Ltd. ...
  • Glenmark Pharmaceuticals Ltd. ...
  • Cadila Healthcare Ltd. ...
  • Dr Reddy's Laboratories Ltd. ...
  • Cipla. ...
  • Lupin. ...
  • Aurobindo Pharma Ltd. ...
  • Sun Pharmaceuticals Industries Ltd.
4 days ago

Which country is No 1 in pharma? ›

2014
#CountryValue US$bn
1Germany50
2United States38.1
3Switzerland34.1
4Spain27.5
7 more rows

How many pharmaceutical companies are there in Korea? ›

Number of pharmaceutical manufacturers South Korea 2008-2020

In 2020, there were 618 pharmaceutical companies in South Korea.

Which pharma company is top in world? ›

Here is a look at the top 10 pharmaceutical companies in the world.
  • Johnson & Johnson. Revenue: $93.8 billion. ...
  • Pfizer. Revenue: $81.2 billion. ...
  • Roche Group. Revenue: $72 billion. ...
  • AbbVie. Revenue: $56.2 billion. ...
  • Novartis. Revenue: $52.9 billion. ...
  • Bayer. Revenue: $52.1 billion. ...
  • Merck. Revenue: $51.2 billion. ...
  • GSK. Revenue: $46.9 billion.
15 Aug 2022

Who are the big 3 in pharma? ›

The Big 3 drug wholesalers in the U.S.--AmerisourceBergen, McKesson and Cardinal Health--are enjoying a financial boost this year thanks to the growing use of generic drugs.

Which pharma company gives highest salary? ›

Dr Reddy's Laboratories, sun pharmaceuticals, Aurobindo, Mylan Labs, Laurus Laboratories, NATCO Pharma, Divis labs, Gland Pharma, Bharat Biotech, Biological-e Ltd, Santha Biotech, Indian Immunological, Cadila, Aventis, are Few of the highest paying pharma companies in India.

What is the largest pharma in the world? ›

50 leading cell and gene therapy companies
RankCompanyHeadquarters
Rank1CompanySinopharm (pharmaceutical distribution segment)HeadquartersChina
Rank2CompanyRoche Pharmaceuticals (division of Roche Group)HeadquartersSwitzerland
Rank3CompanyNovartisHeadquartersSwitzerland
Rank4CompanyMerckHeadquartersUSA
46 more rows

Who is largest pharmaceutical country? ›

The United States was the largest pharmaceutical market in 2020, generating roughly 46 percent of total revenues worldwide.

Which country makes the best medicine? ›

Best Healthcare in the World 2022
CountryLPI 2020 RankingCEO World Ranking
Denmark13
Norway215
Switzerland318
Sweden428
124 more rows

What are the top 3 companies in Korea? ›

2020 Fortune list
RankFortune 500 rankName
119Samsung Electronics
284Hyundai Motor
397SK Holdings
4194POSCO
10 more rows

What are the big 3 companies in Korea? ›

During the last two decades, the K-pop entertainment market was dominated by the “Big 3” K-pop entertainment agencies: SM Entertainment, YG Entertainment, and JYP Entertainment. SM Entertainment has traditionally taken the lead in terms of size, number of artists, and revenue.

Which pharmacy is best in South Korea? ›

Pharmacy
  • Pharmacy. Seoul National University. ...
  • Pharmacy. Seoul National University. ...
  • Pharmacy. Sungkyunkwan University. ...
  • Pharmacy. Yonsei University. ...
  • Pharmacy. Sungkyunkwan University. ...
  • Clinical Pharmacology. Seoul National University. ...
  • Pharmacy. Seoul National University. ...
  • Clinical Pharmacology. Seoul National University.

What is the largest pharmaceutical company in Asia? ›

Kalbe Farma is also the largest publicly-listed pharmaceutical company in Southeast Asia, commanding a market capitalization of Rp71 trillion and sales turnover Rp21 trillion by the end of 2018.

Who is the richest pharmacist in the world? ›

Dilip Shanghvi (born 1 October 1955) is an Indian billionaire businessman and one of the country's richest people. He founded Sun Pharmaceuticals.

Which country is best for pharma industry? ›

The Top 5 Countries for Pharmaceutical Jobs
  • 1) United States. It is well known that the US boasts a booming pharmaceutical business. ...
  • 2) Germany. Germany is widely considered to be one of the fastest-growing markets for life sciences in Europe. ...
  • 3) India. ...
  • 4) Switzerland. ...
  • 5) United Kingdom.
2 Mar 2022

Which is the No 1 pharma company in India? ›

Sun Pharmaceutical Industries is the largest pharmaceutical company in India based on overall revenue. It is the fourth largest global specialty generic pharmaceutical company in the world.

Who is the largest pharmacy chain? ›

Walgreens Company

What is the largest pharmaceutical company in the world 2022? ›

Pfizer, takes the top spot in 2022, rising from sixth in 2021. Pfizer, specialises in the development of medicines and vaccines across a wide range of disciplines including immunology, oncology, cardiology and neurology.

Which pharma job is best? ›

11 best-paying jobs in the pharmaceutical industry
  • Pharmaceutical sales representative.
  • Clinical data manager.
  • Pharmaceutical outside sales representative.
  • Drug manufacturer.
  • Research scientist.
  • Pharmacy manager.
  • Biotechnology consultant.
  • Biostatistician.

Which salary is highest in world? ›

Luxembourg

With a population of 632,000 Luxembourg is one of the world's wealthiest and highest-paying countries. Salaries of workers average about $68,681, which is the highest in the world. The primary industries include banking, finance, steel, mining, telecommunications and tourism.

Which pharma company is best to work for? ›

Top Pharmaceutical Companies to Work For
  1. Pfizer. Founded more than 170 years ago by Charles Pfizer and Charles Erhart in Brooklyn, New York, Pfizer is one of the world's largest pharmaceutical companies, employing about 79,000 individuals. ...
  2. Novartis. ...
  3. Bristol Myers-Squibb. ...
  4. Merck. ...
  5. The Broad Institute. ...
  6. Biogen. ...
  7. Sanofi.
1 Feb 2021

Which city has highest pharmaceutical industry? ›

Hyderabad – The Pharma Hub of India

It accounts for 40 per cent of the total Indian bulk drug production and 50 per cent of the bulk drug exports and is considered as the 'Bulk Drug Capital of India'. In value terms, the industry is worth US$ 1.6 billion and exports accounting to over US$ 500 million.

Which country is the largest producer of medicines in the world 2021? ›

India is the largest. producer of medicine in the world and is also a large of medicine.

Which country has most pharma companies? ›

The United States accounts for over 45 percent of the global pharmaceutical market. The healthcare technology industry has a profit margin of 21% — making it the most profitable major industry in the world. Over 7,000 drugs are currently in development around the world.

Who is India's biggest pharma exporter? ›

United States

Which country is pharma hub? ›

At present, India is the largest provider of generic drugs globally. Indian pharma companies cater to over half of the global demand for various vaccines, along with 40 per cent of generic drugs demand in the US.

Which country is famous for medical? ›

United States of America. The US, without a doubt, is the best country to study medicine. As per the QS Top Universities ranking, the top ten list includes Harvard, Stanford, Johns Hopkins, UCLA, Yale, and UC-San Francisco.

Which country has best doctors in Asia? ›

Malaysia has some of the best-trained doctors in Asia–and the majority of them were trained in the U.S., Australia, or the UK.

Which country is best for MBBS? ›

Let us dive into the top countries to study MBBS abroad.
  • Study MBBS in UK. The first and foremost is the best option to study medicine in Europe. ...
  • Study MBBS in USA. ...
  • Study MBBS in Canada. ...
  • Study MBBS in Germany. ...
  • Study MBBS in France. ...
  • Study MBBS in China. ...
  • Study MBBS in Ukraine. ...
  • Study MBBS in Russia.

Which Indian companies are famous in Korea? ›

Many Indian companies like Tata Motors, Novelis, TCS, Wipro, Mahindra and Mahindra, Nucleus, and L&T Infotech have offices in South Korea. The branches are spread throughout the country (Seoul, Gyeonggi-do, Busan, Gunsan, Incheon, etc.)

Which is the No 1 company in South Korea? ›

In 2021, the largest South Korean company as measured by revenue was Samsung Electronics with a revenue of about 200.7 billion U.S. dollars, followed by Hyundai Motors with a revenue of 88.16 billion U.S. dollars.

Which brand is famous in South Korea? ›

South Korea 50 Ranking
20142013Name
11Samsung
2Samsung Group
3Hyundai Group
42Hyundai Motors
21 more rows

What is Korea's biggest industry? ›

Industry. South Korea's largest industries are electronics, automobiles, telecommunications, shipbuilding, chemicals, and steel. 2122 The country is among the largest manufacturer of electronic goods as well as semiconductors, with globally popular brands such as Samsung Electronics Co.

What is the most successful company in South Korea? ›

Samsung Electronics

Samsung Electronics is the world's biggest technology firm by revenue, and by far the largest-listed company in South Korea.

What is a pharmacist salary in Korea? ›

A person working as a Pharmacist in Korea (South) typically earns around 4,860,000 KRW per month. Salaries range from 2,520,000 KRW (lowest) to 7,430,000 KRW (highest). This is the average monthly salary including housing, transport, and other benefits.

Is Korea Good for pharmacy? ›

Pharmacy is one of the hottest disciplines in Korea today. Pharmacy graduates will not only have a stable job, but also have a very high income.

What is a pharmacy called in Korea? ›

In Korean, pharmacies are called “약국” or yakguk. You can usually spot them in local neighborhoods by finding their sign with the word “약.”

What is the largest pharmaceutical company in the world 2022? ›

Pfizer, takes the top spot in 2022, rising from sixth in 2021. Pfizer, specialises in the development of medicines and vaccines across a wide range of disciplines including immunology, oncology, cardiology and neurology.

Who is America's biggest pharma? ›

Top 10 Pharmaceutical Companies in the United States
  1. 1 1. Johnson & Johnson.
  2. 2 2. Pfizer Inc.
  3. 3 3. Merck & Co.
  4. 4 4. AbbVie Inc.
  5. 5 5. Bristol Myers Squibb.

What is the largest big pharma company? ›

Sinopharm

What is the biggest pharmacy chain in the world? ›

Largest drugstore companies by Market Cap
#NameM. Cap
1CVS Health 1CVS$129.82 B
2Walgreens Boots Alliance 2WBA$28.36 B
3JD Health 36618.HK$18.39 B
4Clicks Group 4CLS.JO$3.78 B
2 more rows

What is the largest pharmaceutical company in Asia? ›

Kalbe Farma is also the largest publicly-listed pharmaceutical company in Southeast Asia, commanding a market capitalization of Rp71 trillion and sales turnover Rp21 trillion by the end of 2018.

Who is largest pharmaceutical country? ›

The United States was the largest pharmaceutical market in 2020, generating roughly 46 percent of total revenues worldwide.

Which is the No 1 pharma company in India? ›

Sun Pharmaceutical Industries is the largest pharmaceutical company in India based on overall revenue. It is the fourth largest global specialty generic pharmaceutical company in the world.

Which country is the largest producer of medicine in the world 2021? ›

India is the largest. producer of medicine in the world and is also a large of medicine.

Which city has highest pharmaceutical industry? ›

Hyderabad – The Pharma Hub of India

It accounts for 40 per cent of the total Indian bulk drug production and 50 per cent of the bulk drug exports and is considered as the 'Bulk Drug Capital of India'. In value terms, the industry is worth US$ 1.6 billion and exports accounting to over US$ 500 million.

Who is the richest pharmacist in the world? ›

Dilip Shanghvi (born 1 October 1955) is an Indian billionaire businessman and one of the country's richest people. He founded Sun Pharmaceuticals.

Who is the father of world pharmacy? ›

This Father's Day We're Paying Tribute to William Procter, Jr., the Father of Pharmacy.

Which pharmacy is most popular? ›

The top seven dispensing pharmacies—CVS Health, Walgreens Boots Alliance, Cigna, UnitedHealth Group, Walmart, Kroger, and Rite Aid—accounted for more than 70% of U.S. prescription dispensing revenues in 2021.

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