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  • US drug price 3.9 times higher than in Korea
  • by Kim, Jin-Gu | translator Alice Kang | Aug 6, 2025 06:09am
Most Favored Nation tariff pressures rise
OECD 2.8 times higher... Japan 3.5 times, Germany 2.9 times, the UK 2.7 times, etc.
President Trump pushed to set the US¡¯s drug price to the lowest level of major advanced countries

With the US government pushing forward the introduction of a Most Favored Nation (MFN) policy to lower drug prices, an analysis has revealed that US drug prices are 3.9 times higher than those in South Korea.

The Korea Biotechnology Industry Organization cited an analysis by the US public policy research institute Rand Corporation on the 4th on this finding. The data was released in February 2024 and is based on drug prices in 33 OECD countries, including the United States.

According to the data, the overall drug price level in the United States is 2.8 times higher than the average of 32 OECD countries.

Compared to South Korea, it is 3.9 times higher. In other words, drug prices in South Korea are equivalen
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