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R&D cooperation in the Korean biotechnology industry

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Frame of Image e world total.3) In comparison, Korea’s biotechnology industry is ranked much lower. It’s market size accounts for 1.7% of the world market in major biotechnology sectors 4): Korea’s market size is US$1.2 billion of the US$72.1 billion worldwide industry. The Korea is expecting gradual growth to US$3.1 billion (1.9% of the world market) in 2010, $US7.5 billion(2.0% of the world market) in 2015, and US$11.6 billion(2.2% of the worlds market) in 2020.5)
1) Biotechnology is defined as “The application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services(OECD, “A Framework for Biotechnology S t a t i s t i c s ” , 2005). Moreover, the concept of biotechnology is extended to new biotechnology which is defined as “The use of cellular and biomolecular processes to solve problems or make useful products(BIO, 2005~2006 Guide to Biotechnology, 2006). 2) The forecasting of the market size of the biotechnology industry presents 154 billion dollar in 2010 and 309 billion dollar in 2015 and the annual average growth rate of the market size is 11.10% from 2006 to 2010 and 15.0% from 2011 to 2015(2007 Life Science Basic Statistics, BPRC, Aug 2008). 3) The total number of the biotechnology firms in the United States is 1,452, compared with 4,275 over the world. The numbers of the public and private firms are 710 and 3,565 in the world, respectively. In the Unite


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Title R&D cooperation in the Korean biotechnology industry
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Material Type Reports
Author(English)

Lee, Sang-Kyu

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2009
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 13(no. 6)
Pages 12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Science/Technology
Holding KIET; KDI School

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