A Wegovy injection pen (Bloomberg)
A Wegovy injection pen (Bloomberg)

A lot of people are trying to lose weight for a healthier life, a better appearance or self-satisfaction — but losing weight is not all that easy. For those struggling to cut fat, anti-obesity medications are practically magical.

With the global weight-loss drug market expected to reach $150 billion in 2035, Korean pharmaceutical companies are rushing to come up with their own anti-obesity medications. Here’s how far they have come so far.

Hanmi Pharmaceutical leads the pack

  • Conducting Phase 3 clinical trials in Korea for Efpeglenatide, a weekly injectable GLP-1 drug, aiming for launch in the second half of 2025
  • Promises fewer side effects and added benefits like reduced cardiovascular and kidney risks
  • Expected to be priced lower than imports like Wegovy, thanks to local production
  • Also working on next-gen drugs: HM15275 shows faster, more effective weight loss than current drugs; HM17321 promotes both fat loss and muscle gain

HK Inno.N

  • Gearing up for Phase 3 trials in Korea for Ecnoglutide, licensed from China’s Sciwind Biosciences
  • Phase 3 results in China show 9–13% body weight reduction in 40 weeks
  • Korean trials to be completed by May 2028

Yuhan

  • Developing two alternatives: IVL3021, a once-a-month injectable with Inventage Lab; IVL3027, a Semaglutide-based oral pill using controlled-release microsphere tech

Ildong Pharmaceutical

  • R&D unit Yunobia developing ID110521156, an oral GLP-1 drug
  • Phase 1 showed up to 11.9% weight loss in just four weeks

Daewon Pharmaceutical

  • Testing DW1022, a microneedle patch using Semaglutide
  • Phase 1 trials completed, showing strong safety and comparable performance to Wegovy

Why it matters

  • Global adoption is stil low — less than 3% in US and under 1% in other countries
  • Analysts say uptake will rise sharply as production, cost, accessibility improve