Maintaining the ability to change distributors, or efficiently sell directly to multiple regional distributors is critical to a successful strategy in the dynamic Korean market. Applications for medical device registration must be submitted and the license controlled by a properly licensed local agent, the Korea License Holder.
Asia Actual is a full-service provider of medical device license-holder services in South Korea, specializing in working with regional distributors. Contracting with Asia Actual as a Virtual Sole Importer and independent license holder allows you to:
- Sell to multiple regional distributors (avoiding mark-up by a national importer)
- Increase transfer pricing (as distributors are not investing in registration costs)
- Improve leverage in distributor negotiations/responses
- Add or change distributors as required
- Keep intellectual property away from local commercial agents
For more information about how to transfer Korea License Holders (KLH), please visit our Korea Medical Device Registration page.
Contact Asia Actual to see if our South Korea Independent License Holding service is right for your business.
Identifying Predicate Devices in India, Taiwan, China, Japan, and KoreaOctober 25, 2022 - 12:28 pm
