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  • Pressures to reform Korea's drug pricing system
  • by Lee, Tak-Sun | translator Alice Kang | Jul 2, 2025 06:10am
from Trump's signing of the executive order... How should Korea address the situation?
Ended inconclusively during Trump¡¯s first term... If the US makes direct demands, this may increase the Korean government's concerns
Considering national health insurance finances, limitations exist to system reforms such as ICER threshold adjustments

President Trump's signing of the executive order on May 12 to lower prescription drug prices in the United States to the same level as other countries has deepened the concerns of Korea¡¯s authorities as well.

This is because the U.S. Pharmaceutical Research and Manufacturers of America and others are demanding that Korea raise drug prices and improve its system. If the U.S. government directly demands improvements to Korea's drug pricing system during tariff negotiations, this may increase the new government's concerns as there will be no clear solutions to resolving the issue,

On the 27th (local time), the Pharmaceutical Research and Manufacturers of America (phRMA) submitted a statement to the US Trade
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