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Next year’s minimum wages decided at KRW 7,530

As the minimum wages made the highest increase ever for the next year, it is expected to impact businesses in the healthcare industry. The Minimum Wage Commission held the 11th plenary meeting at the Sejong Governmen...

Korean ‘Orange Book’ including generic approval information will be created

A database for the Korean-style ‘Orange Book,’ which includes information about approval of generic products, is going to be constructed by this December. The Ministry of Food and Drug Safety(MFDS) announced a schedu...

What are the chances to legislate ‘prescription of creams for volume less than minimum packaging unit’

It seems regulations for ‘prescribing cream and ointment products for the volume less than the minimum packaging unit’ – it has been a problem in the pharmacy circles – would not be legislated. Prescription of drugs ...

Would it be possible for small pharmas to conduct co-R&D?

Chairman Yong-Joon Jo(CEO/President of Dongkoo Bio&Pharma) at the Korea Pharmaceutical Ind. Coop., which currently has approximately 100 medium and small pharmaceutical companies as its member, said at an interview wi...

Hanmi Pharm acquires approval of hypertension/hyperlipidemia treatment

Hanmi Pharm(CEO Jong-Soo Woo, Sae-Chang Kwon) announced on the 17th that ‘Amosartan Q,’ a 3-substance combination drug with 2 antihypertensive substances and 1 anti-hyperlipidem...

Novartis, “We made payments, but never understood what RTM for”

While people are paying interests in whether Novartis shared information internally, it was hard to check clear facts even at examination of a witness from its anticancer depart...

Dong-A Pharm Bacchus’s manufacturing performance of KRW 223.7 billion

‘Bacchus,’ a Dong-A Pharm’s energy drink, was known to record a manufacturing performance of KRW 232.7 billion last year. According to the quasi drug manufacturing performance ...

Continuous growth in quasi drug market with high interests in hygiene field

The last year’s quasi drug manufacturing performance was increased by 4.9% to KRW 1.9465 trillion compared to 2015, and the manufacturing performance of products, such as disinfectants and insecticides, due to the inc...

‘Coexistence’ of expectations and concerns over appointment of politician as MFDS

As Young-Jin Ryu, Chairman of the Busan Pharmaceutical Association, is appointed as the Jae-In Moon’s first Minister of Food and Drug Safety, employees at the Ministry of Food and Drug Safety(MFDS) seem preoccupied on...

National Tax Service imposing KRW 15.6 billon additional fine on Daehan New Pharm

Daehan New Pharm announced on the 13th that the Seoul Jungbu Regional National Tax Service charged an addition fee of KRW 15.6 billion, 22.01% of its equity. The addition fee is followed by consolidated investigation...

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