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Medical expense for pharmacies up 6.1 percent in the first half

According to statistics released by the Health Insurance Review Agency on August 11, the total expenses paid to 18,423 pharmacies in the first half of this year posted 2.65 trillion won, up 6.1 percent from the year e...

AstraZeneca Korea welcomes new president

AstraZeneca willl announce the official appointment of Lee Seung-woo, a former president of MSD Korea, as the new president within this week. A former pressident Lee Yang-bok who resigned on June 18 but has been wi...

Sales through e-commerce pharmacy market to rise rapidly

As the sales of drugs through domestic e-commerce pharmacy market is expected to grow by about 700 billion won this year, a number of new pharmacy chain firms are rushing to join the e-commerce market in a bid to expa...

11 cosmetic companies were prosecuted on false claims.

A massive inspection by the government against general cosmetic products revealed that many general cosmetics were claimed false and unlawful effects, for instance, an ultraviolet light protection and skin whitening e...

Bar code system for drugs to be overhauled.

Taking effects from the next year the descriptions and labelling of all prescription drugs will be ameliorated including the bar code system. For this end, the KFDA Drug Safety Bureau will hold an interim report meeti...

Domestic pharmaceutical firms promoting aggressive new products marketing

Facing sluggish pharmaceutical sales in the first half of this year amid serious business downturn in Korea, a number of pharmaceutical firms are concentrating their efforts to boost their sales revenue via new produc...

Court's different rulings on foods entertainment

There were two different court verdicts on two doctors who were subject to a one-month suspension of medical practice from the competent authorities on account of foods-related treatments and tried to seek their court...

Daehan New Pharm eyes pharmacy market for hand sanitizer

Daehan New Pharm said on August 11 that it signed with Carroll Korea, a Korean subsidiary of the U.S. Carroll Chemical, an exclusive distribution agreement in the marketing of C...

Big problems with poor quality drugs

Many retail pharmacies were embarrassed with quite common incidences of poor quality drugs in the markets, some capsules being crushed and tablets broken, which gave a serious a...

Record Book must be kept for narcotic/psychotropic drugs

Record book for narcotics and psychotropic drugs should be kept in the storage facility according to the new provision. The revised enforcement decree of the Narcotic Drug Control Act announced recently by the MOHW...

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