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Leading pharmaceutical companies South Korea H1 2020, by revenue

Celltrion had the largest revenue among pharmaceutical companies in South Korea in the first half of 2020. Thanks in part to its COVID-19 antibody treatments, Celltrion saw its revenue grow by over 93 percent compared to the same period in the previous year. It was followed by Yuhan and Chong Kun Dang.

COVID-19 and Korean phramaceuticals

The global coronavirus pandemic badly affected Korean pharmaceutical companies. Most of them suffered from decreased revenues and losses because of poor overseas results from the pandemic, a drop in prescriptions as people avoided hospitals, ongoing legal challenges, and more. Celltrion, Yuhan, and Chong Kun Dang were a few of the companies that enjoyed increased revenues. Aside from Celltrion and its COVID-19 medication, Yuhan received over 35 million dollars in royalties, while Chong Kun Dang’s key products are medication for chronic illnesses such as diabetes. These drugs must be regularly and continuously consumed, so their sales continued despite the pandemic.

Pharmaceuticals in Korea

Leading Korean pharmaceutical companies include Hanmi Pharmaceutical, Chongkundang, Celltrion and others. Hanmi was the leading company with its production value of around 907 trillion won. Hanmi saw its revenues in the first half of 2020 drop by 50 percent compared to the same period in the previous year, mainly due to poor sales in the China market. Cardiovascular system drugs made up the leading therapeutic sector for Korean drugs in 2018, with a production value of over 3.5 trillion won. Central nervous system drugs came in second, followed by digestive and other metabolic drugs.

Leading pharmaceutical companies in South Korea in the 1st half of 2020, by revenue

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Sources

Release date

August 2020

Region

South Korea

Survey time period

H1 2020

Supplementary notes

Note: 1,000 South Korean won equal 0.84 U.S. dollars and 0.71 euros (as of August 2020).
Figures have been rounded.

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Statistics on "Pharmaceutical industry in South Korea"

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