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The strategy of cooperation and competition based on comparative analyses of pharmaceutical industries of Korea and India

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  • The strategy of cooperation and competition based on comparative analyses of pharmaceutical industries of Korea and India
  • Lee, Woong; Song, Young Chul
  • Korea Institute for International Economic Policy


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Title The strategy of cooperation and competition based on comparative analyses of pharmaceutical industries of Korea and India
Similar Titles
Material Type Reports
Author(English)

Lee, Woong; Song, Young Chul

Publisher

[Seoul] : Korea Institute for International Economic Policy

Date 2013-10
Pages 6
Subject Country India(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Others
Holding Korea Institute for International Economic Policy
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Abstract

We analyze and evaluate the Indian pharmaceutical industry and compare it with the Korean pharmaceutical industry. We provide current market situation, structure, institutions as well as its history since the 1950s. Next, we investigate the competitiveness between the Korean and Indian pharmaceutical industries with various trade related indices as well as a simulation method. In the simulation, we test a situation of no tariff after the Korea-India CEPA. In addition, we perform the SWOT analysis for both markets and compare the results to see how these two markets share common or different factors. Through these analyses, we suggest co-petition strategies for both countries in order to achieve win-win outcome. Finally, we provide the case studies on Korean firms that have entered the Indian market and Indian pharmaceutical firms that are interested in the Korean market.