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Release of Actual Production Data by Domestic Manufacturers

The Korea Pharmaceutical Manufacturers Association (KPMA) recently announced a decision by its members to release the actual production data, starting from Year 2003, in order to better assist the manufacturers in the...

Transfer of Pharmaceutical Wholesale Vendor Permit Regulations to Local Authorities

The 18-member Health & Welfare Committee of the National Assembly recently proposed amendments to the Korea Pharmaceutical Affairs Law, mainly focused on transferring permit approvals and cancellations of the pharmace...

Hanmi Pharmaceuticals Recognized as Most Trusted Company by Investors

Hanmi Pharmaceuticals has recently been recognized as the company displaying the most fair and transparent management and business practices in the pharmaceutical industry, according to Money Today, a domestic busines...

Frustrated Employees May Give Financial, Intangible Damages to Companies

It is advised that the domestic pharmaceutical companies should pay closer attention to relationship management with their employees, based on a recent incident that triggered an investigation by the Health Insurance ...

Increased Substitution Dispensary Practices by Pharmacists

The Health Insurance Review Agency (HIRA) reported its recent findings on the National Health Insurance (NHI) financial savings from the substitution dispensaries by pharmacists on the prescribed medications. When ...

7.9 Billion Won Invested to Support New Drug R&D Next Year

The Ministry of Health and Welfare (MOHW) has finalized a total allocation of 24.3 billion won of its budget to support strategic investments on medical, pharmaceutical and biotechnology projects, covering one-year pe...

KFDA Commissioner Aims for 'Advance' Supervisory Administration

In a recent press meeting held on December 13th, Commissioner Kim Chung-sook of the Korea Food and Drug Administration (KFDA) discussed on the observations made during her first...

Joint International Research Efforts on Natural Ingredients and Their Applications

The research institute under the Kyung Hee University, which specializes in the areas of traditional and current pharmaceuticals, is actively establishing a collaborative relationship with universities from China, Jap...

KFDA Enhances Coordination among Electronic Drug Approval Information

The Korea Food and Drug Administration (KFDA) recently announced its plan to enhance coordination among the existing drug information and management system databases to prevent potential mistakes from the drug review ...

Lack of Wholesalers’ In-House Pharmacists Could Lead to Permit Cancellation

The Korea Association of Pharmaceutical Wholesaler (KAPW) recently made a suggestion to its member wholesalers to pay extra attention on employment of their in-house pharmacists. As the year approaches to end, th...

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