6%. The literacy level of the total population is 97.9%. South Korea's education expenditures reach 4.6% of GDP.
There are several local manufacturers of vitamins in South Korea. Consumers in this country favor local manufacturers. This is because their prices are obviously lower than the prices of international vitamins exporters to South Korea. Another reason for which local manufacturers are preferred over foreign ones consists in the attachment of local consumers to national brands.
However, there is still room for new companies exporting their products on the South Korean market. This market sector is currently in full growth and development process.
Product Specific Regulatory Considerations
Vitamins are considered to be dietary supplements and are not legally treated as drugs, but as foods. This classification attracts several consequences regarding the management of this activity. For example, vitamins' producers are entirely responsible for the safety of these products, and...
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