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Posted On: 06/12/2021 3:29:13 PM
Post# of 11803
Korea: "Test kit makers wow the world and profit in the process"
https://koreajoongangdaily.joins.com/2021/06/...07369.html
https://koreajoongangdaily.joins.com/2021/06/...07369.html
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By weight, monthly exports of Covid-19 test kits this year have remained at between 450 tons and 600 tons, similar to last year apart from November and December, when monthly exports were especially strong
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"Korean products rose to first place in the fourth quarter of last year. Their market share in the first quarter was 64 percent.
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Russia bought $8.14 million of Korean test kits last year. According to an April report from the Kotra, Russians prefer them over imports from China, which are cheaper but considered to be less accurate.
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"Some companies that did well last year are currently considering mergers with smaller players. We may even see ventures merging with each other to boost size. This is something we never saw before the coronavirus, and I think it could fundamentally upgrade our diagnostics market in the future."
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