SOUTH KOREA’S PHARMA SECTOR PROBES HALAL MARKET WITH INDONESIAN PARTNERS
November 2nd, 2021
South Korea’s pharmaceutical industry, a global player with exports reaching South Korean Won KRW7.93 trillion (USD6.8 billion) in 2020, has been expanding its foothold in the world’s Muslim markets, offering guarantees that manufacturers avoid inputs that are offensive to Muslims. This includes certain animal-derived materials, especially capsules from pig gelatin, and ingredients or processes utilising alcohol.
The South Korea industry has made particularly strong progress in the halal market by forming joint ventures with Indonesian companies. For ...
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