News About: Goverment
Health related industry likely to grow 4 times by 2020
Korea should swiftly draft measures to meet surging demand from the aging population, the Korea Health Industry Development Institute (KHIDI) urged recently.
The market for the health-related industry is projected ...
14,184 clinics receive 19 billion won as incentive
The government offered 19 billion won to a total of 14,184 clinics that were found to reduce unnecessary pill prescriptions, the Health and Welfare Ministry officials said recently.
The ministry officials found tha...
Convenient stores sell one or more restriction-free OTC drugs
Major discount stores has begun selling over-the-counter (OTC) drugs after a total of 48 OTC drugs were officially allowed to be sold outside pharmacies across the country starting July 21 of last year. Of the 48 item...
Debate over unified health insurance
The country has unified medical insurance, and the National Health Insurance Corporation (NHIC) currently runs a compulsory, universal health insurance, which covers almost the whole population.
However, a local pr...
Controversy mounts over highly public figure’s remarks
“The total sum of illegal rebates in Korea’s medication cost of 13 trillion won is estimated at 2.18 trillion won and thus, a thorough and cruel crackdown on kickbacks should be inevitable in the local pharmaceutical ...
12 brand-name drugs prices to be cut
The National Health Insurance Corp. says it is now negotiating with multinational firms to readjust the reimbursement prices for 12 brand-name drugs as their predicted volume is exceeded by a level of 60% from the pre...
KCCI urges Health Ministry to push revision bill of pharmaceutical affairs law
The Korea Chamber of Commerce and Industry (KCCI) said Wednesday it delivered a proposal to the Ministry of Health and Welfare calling for propelling a bill to revise the Pharmaceutical Affairs Law, designed to allow ...
KFDA to introduce advance screening system over biopharmaceutical drugs
The Korea Food and Drug Administration plans to introduce an advance screening system, which would help the trial process progress of biopharmaceutical drugs faster.
The drug agency said it will continue its effort...
Government to cut drug prices thoroughly and cruelly
The government plans to slash the price of about half the drugs on the market by an average of 14 percent, the Ministry of Health and Welfare said Wednesday.
In a local forum organized by the National Health Insura...
Revision of pharmaceutical affairs law hits snag
A bill to revise the pharmaceutical affairs law, designed to allow the sale of painkillers and cold medicines at convenience stores, is facing a major obstacle due to negative response of lawmakers.
Both ruling and...
