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Minus 30 billion won predicted in pharmacy management

Business sources say that the recently reduced medical treatment charges by 2.9 percent will further aggravate the finance instability of medical institutions; hospital sectors (loss of about 150 billion won) and phar...

MOHW driving to launch NHI financial stabilization plans.

In an attempt to cut off ever growing deficit balances of the NHI fund the MOHW seemed to execute so far withholding NHI financial stabilization programs including early implementation of the reference price system, i...

Bulk material GMP system to be fully implemented from July

The Korea Food and Administration (KFDA) says the pharmaceutical bulk material GMP (good manufacturing practice for raw materials) will be fully implemented on an obligatory basis from this July, thus streamlining the...

One year license suspension to charge against false bills.

The National Assembly in the plenary session passed the revised bill of Medical Service Act, the revised bill of Pharmaceutical Affairs Act and the revised bill of Emergency Medical Act. According to the above pro...

Zuellig Korea to open a Kyungsan distribution center

Zuellig Korea, which has recently opened its distribution center at Dague and Kyungsan using a warehouse owned by CJ GLS, plans to target pharmacies located in Daegue and Kyungbuk area and supply its products to pharm...

Stamina health foods market using silkworm and herbs getting heated

Business industry sources say that the domestic stamina health foods market, which will mark a turnover of about 10 billion won this year, has emerged as an arena of tripartite competition among the domestic firms: ...

Waiver of protocol approval by phase for drugs, etc. eyed

The approval of protocol by phase of drugs etc. is to be waived by the Korea Food and Drug Administration (KFDA), in order to introduce a prior consultation system and facilitate the R&D projects. Instead,, the KFDA s...

Cost breakdown data of 2,752 items to be screened by MOHW

The Ministry of Health and Welfare (MOHW) says that in order to ensure better finance stability of national health insurance system through the readjustment of drug prices, a total of 2,752 insurance-covered drugs hav...

Insurance premium, 6.7% up and NHI reimbursement price, 2.9% down.

The Health Insurance Policy Council (HIPC) confirmed in the 7th meeting 6.7% increases of the NHI premium and 2.9% reduction of the NHI reimbursement prices for all medical and pharmacy services under the absence of t...

NHI reimbursement price reduction to leave serious problems.

Not only representatives from medical and pharmacy communities but also representatives of NHI subscribers across the nation hardly accepted for the respective 6.7% increases and 2.9% reduction of the NHI premium and ...

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