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  • Fewer drugs reimbursed 5 years into pricing reform
  • by Chon, Seung-Hyun | translator Alice Kang | Jul 29, 2025 06:04am
The number of reimbursed drugs decreased by 4,500 five years after the drug pricing system reform
Following changes in the approval and pricing system, new market entries have significantly declined.
The regulations on co-development of generic drugs that had been imposed in 2021 have also had an impact, leading to an 84% drop in the number of approved prescription drugs.
Number of approved prescription drugs decreased year-on-year last year...Generic drugs approved before stricter regulations were introduced were withdrawn en masse
Over the past five years, 4,500 drugs have been removed from the reimbursement list in Korea. The number of new drugs entering the market has decreased significantly with the introduction of generic drug price reforms and joint development regulations. The number of prescription drug approvals has decreased by more than 80% compared to 5 years ago. Pharmaceutical companies rushed to enter the generic market ahead of the tighter regulations, and new market entries plummeted after changes were made to the approval and drug pricing systems. With more products being withdrawn than entering the market, the total number of listed prescription drugs began to decline.

Reimbursed drugs down 17% in 5 years... Decline continu
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