The Ministry of Agriculture, Food and Rural Affairs announced it will lead a mission from July 12 to 21 aimed at opening new export channels for South Korean veterinary drugs, including antibiotics and vaccines used in livestock, pet care, and aquaculture.
Representatives from the Korea Animal Health Products Association and four major pharmaceutical manufacturers — Green Cross Veterinary Products, Dae Sung Microbiological Labs, Median Diagnostics, and Woogene B&G — will join the delegation.
“We will promote the excellence of South Korean veterinary medicines in Latin America and strengthen information exchange and cooperation to expand new export markets,” said Kim Jung-wook, Director-General of the ministry's agricultural innovation policy bureau.
The trip comes amid a sharp rise in South Korea’s veterinary pharmaceutical exports, which grew 51 percent year-on-year to $167.2 million in the first five months of 2025, buoyed in part by growing demand in Latin American markets.
Chile’s veterinary medicine sector reached $220 million in 2024 and is projected to grow at an annual rate of 8.5 percent through 2034, according to industry data. Mexico, with a market valued at $1.65 billion, is expected to expand at a similar pace, growing 8.4 percent annually through 2030.
The delegation is scheduled to hold one-on-one business meetings with 28 local buyers — on July 15 in Santiago and July 17 in Mexico City — in an effort to connect Korean firms directly with regional distributors and importers.
In addition to commercial talks, ministry officials will visit regulatory bodies on July 14 and 18 to gain insight into local drug registration systems and veterinary policies. The group will also conduct field visits to veterinary supply chains.
reporter
Kim Dong-young
davekim0807@ajupress.com
Copyright ⓒ Aju Press All rights reserved.
View more comments