SEOUL, July 15 (Korea Bizwire) — Despite a sluggish economy, South Korea’s health supplement industry posted double-digit growth in 2023, becoming the only segment of the country’s biohealth sector to do so, according to new government data. A report released July 13 by the Korea Health Industry Development Institute (KHIDI) showed that the health supplement [...]
SEOUL, April 25, (Korea Bizwire) — South Korea’s biohealth industry is projected to grow at an annual rate of nearly 9 percent, reaching $370.3 billion by 2030 and ranking eighth globally, according to a new market outlook released by the Korea Health Industry Development Institute (KHIDI) on April 25. The report, titled 2025 Global Biohealth [...]
SEOUL, May 22 (Korea Bizwire) — In its quest for new growth engines for Asia’s fourth-largest economy, South Korea charted out a set of measures to foster the biohealth industry by utilizing its prowess in information and communication technology with the goal of becoming a global powerhouse in the sector by 2030. South Korea has [...]