News About: Goverment


Pharmaceutical & biotechnology industry bounces up with presidency of Jae-In Moon

The election of Presidential Candidate Jae-In Moon as the 19th president of Korea is expected to bring positive impacts even to the pharmaceutical industry. The expectation is based on the debates related to health a...

New administration raises expectations with prohibition of corporate pharmacies and reduction of fees for credit card readers

The Minjoo Party Candidate Jae-In Moon was elected with a 41.1% percent of popular support at the 19th Presidential Election on the 9th of May. After visiting the Seoul National Cemetery and making the inauguration s...

MFDS’s active support on developing orphan drugs for Korean pharmas

The Ministry of Food and Drug Safety(MFDS) will make various systematic support plans to promote Korean pharmaceutical companies to expand their business into the orphan drug market which globally records a high 10% g...

KPDS, “MOHW gave a preferential treatment on Novartis by imposing fines”

While most of the Novartis’ rebated products were imposed a fine, non-governmental organizations have made continuous criticisms about it. The Korean Pharmacists for Democratic Society(KPDS), Healthy Right Network an...

‘Integrated Narcotics Control System’ starts on May 2018 for all items

The Ministry of Food and Drug Safety(Minister Mun-Gi Sohn) made a pre-announcement of the partial revision of the ‘Enforcement Regulations of Narcotic Control’ which changes the enforcement date of the ‘Integrated Nar...

What are presidential candidates’ stances over ‘autonomic pricing system for Korean new drugs’?

The pharmaceutical industry has paid sharp attention to leading presidential candidates’ policy promises about the health and medical industries, but there were particular promises except for The Min Joo Party’s Flexi...

Candidates’ opinion differences over presidential control tower for pharmaceutical and biotechnology fields

Leading presidential candidates have shown opinion differences over foundation of the presidential pharmaceutical & biotechnology control tower. The Minjoo Party, Liberty Korea Party, People’s Party, Bareun Party and...

Leading presidential candidates raises a voice to implement ‘health care pharmacy’

Leading presidential candidates raise a common voice over necessity of ‘health care pharmacy’ to manage the health of people living in the society. The Minjoo Party, Liberty Korea Party, People’s Party, Bareun Party ...

MOTIE’s active support on ‘Personalized drug development and promotion on biopharmaceutical startups’

In order to become a pharmaceutical power in the world, the government will be active in promoting startups in the new personalized drug development and biopharmaceutical fields. The Ministry of Trade, Industry and E...

MFDS & MOHW to promote high-tech medical device industries, such as robotics and IT

The Ministry of Food and Drug Safety(MFDS) and Ministry of Health and Welfare(MOHW) has decided to discover unnecessary regulations and innovate plans and systems to promote the high-tech medical device industry. The...

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