China Biotech Curbs Could Rattle K-Bio
As China moves to tighten export controls on biotechnology and the United States is also considering measures to restrict biotech investment in China, the developments are expected to affect South Korea’s biotech industry as well.Because China’s export controls do not cover all biotech technologies,
China has introduced new export controls on biotechnology, while the United States considers measures to restrict biotech investment in China. The changes are expected to impact South Korea's biotech industry, though not significantly as China's controls do not cover all biotech technologies. South Korea's biotech companies are collaborating with Chinese counterparts, raising concerns about potential impacts from the evolving regulations.
If U.S. restrictions on biotech investment in China become stronger, South Korean pharmaceutical and biotech companies may face more challenging contract terms or higher in-licensing costs, especially if related details become public.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
