Description

South Korean biotechnology industry is poised to become an important biotechnology hub in Asia Pacific region. Strong government support, well developed infrastructure, and increasing scientific pool have created a positive environment for growth of industry. The private sector too has realized the growing importance of participation. Many biotech startups, pharmaceutical companies and chaebols have invested in biotech research. The South Korean investment community still considers the biotech investments to be risky propositions and prefer short term capital returns. However, increasing aging population and demand for newer products have created new opportunities for biotech companies in South Korea.