About KDDF

Who We Are

Who We Are

Korea Drug Development Fund

Korea Drug Development Fund (KDDF) is a national R&D initiative funded by three government ministries. We support drug development across academia and the pharmaceutical industry to advance innovative therapeutic pipelines.

KDDF jointly funded by the Ministry of Science and ICT, Ministry of Trade, Industry and Resources, and Ministry of Health and Welfare
Jointly funded by three government ministries

Our Purpose

Driven by a mission to advance Korea’s pharmaceutical innovation, KDDF will invest approximately USD 2.0 billion in 1,234 R&D projects by 2030 to accelerate the translation of innovations from academia and the pharmaceutical industry into clinically and commercially viable drug development programs.

USD 2.0Bn
To support 1,234 R&D projects between 2021 and 2030
Exchange Rate: USD 1 = KRW 1,085 (as of Dec 2020)
R&D Funding
Business Development
Development Consulting
Key Outcomes

Milestones across two seasons

Season 1 (2011–2020) Season 2 (2021–2030, as of 2025)

Property Management

Cumulative assets

Season 1162
Season 2553

Approved Drug by

FDA / EMA · MFDS

FDA/EMA · MFDS2 / 3
FDA/EMA · MFDS2 / 1

Licensing Deals

New licenses · Biodollars

Licenses70
Licenses50
Biodollars17.0Bn
Biodollars11.5Bn
Biodollars licensing deals — Exchange Rate: USD 1 = KRW 1,085 (Dec 2020) / KRW 1,400 (Feb 2026)
Global Partnering

How KDDF BD Creates Global Partnering: Five Strategic Pillars

BD Programs

A curated, deal-ready portfolio of strategically selected KDDF-supported projects, positioned for co-development, licensing, and investment.

BD Consulting

Providing structured BD consulting to position KDDF-backed projects for co-development, licensing, and global partnering.

Education

Building practical global BD capabilities through hands-on training and real-world partnering exposure.

Investment Enablement

Enhancing investment readiness through asset valuation and structured access to global investors via partnering platforms.

Partnering

Connecting KDDF-backed institutions with global pharma and investors through curated platforms and ongoing partnering opportunities. * Annual events held in Seoul, Korea

KDDF global partnering events including the 2025 KDDF Global Biotech Showcase and the KDDF Global Licensing Strategy BD Forum
Interested in connecting with KDDF portfolio institutions or learning more? kddf_bd@kddf.org