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  • Korea's drug pricing system on US tariff on pharmaceuticals
  • by Kim, Jin-Gu | translator Hong, Ji Yeon | Apr 2, 2025 05:56am
"Korea's innovative pharmaceutical company certification policy has raised concerns about discrimination against foreign innovative firms"
"Korea's drug pricing system requires significant reductions in drug prices¡¦leading to decreased predictability"
 ¡ã The United States Trade Representative (USTR)
As the Trump administration's tariff against the world will go into effect immediately, a report has been released alleging that Korea's drug pricing and innovative pharmaceutical company certification policies are being unfairly imposed in the United States.

According to the KoreaBIO on the 1st, the United States Trade Representative (USTR) issued a report on trade barriers affecting 59 major exporting countries on March 31.

A notable section of the report focuses on Korea's policies for pharmaceuticals and medical devices, arguing that Korea's drug pricing, reimbursement, and innovative pharmaceutical company certification policies function as trade barriers in the U.S.

The report criticized "Korea's drug
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