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  • Won-dollar rate lowest in 6mths... industry mixed
  • by Kim, Jin-Gu | translator Alice Kang | May 23, 2025 05:51am
exchange rate enters the KRW 1,300 range for the first time in over 6 months
Concerns over mutual tariffs with the US lowers exchange rate by 6% compared to last month
Decrease in API imports and overseas clinical trial costs... Pharmaceutical industry expects ¡°improved cost structure¡±
Companies with high export ratios see a decline in asset value... Samsung Biologics loses KRW 91.6 billion if the exchange rate falls by 10%
With the won-dollar exchange rate falling below KRW 1,400, pharmaceutical and biotech companies are experiencing a mix of anticipation and concern.

If the prolonged high exchange rate returns to previous levels, API imports and overseas clinical trial costs are expected to decrease, leading to an improvement in the cost structure. On the other hand, some predict that the asset value of pharmaceutical and biotech companies with a high proportion of drug exports will decline.

Won-dollar exchange rate falls below KRW 1,400... Will the burden of API purchases and overseas clinical trials decrease?

According to industry sources on the 22nd, the won-dollar exchange rate closed at KRW 1,392.60 on the 21st, down
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