Ginseng, a medicinal herb, has long been used in maintaining physical vitality throughout the far-eastern countries including Korea and China. Carl Anton Meyer, a Russian botanist, named it Panax ginseng C.A.Meyer, in 1843. The genus name Panax means 'cure all' in Greek. Ginseng root produced in Korea has been most highly prized so as to gain the popular name, Korean ginseng

Its siblings are found in North America, Japan, China, and Russia but they are different from Korean ginseng in strain, morphology, and composition. Korean ginseng, Panax ginseng C.A. Meyer, belong to the family Araliaceae and genus Panax to which six species belong.
From the ancient times only Korean ginseng has been used medicinally, whereas several other Panax species has become in use in recent days. Eleutherococcus senticosus does not belong to the genus Panax, but it is called Siberian ginseng only to take ride on the popularity of Korean ginseng.