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Hanmi Pharmaceutical Achieves Global Corporation Status With R&D Investment

Hanmi Pharmaceutical Company assured a takeoff with a commemorative ceremony during its 28th founding anniversary last October 4. Hanmi Pharmaceutical President Man Kyong-Yun stated that Hanmi would improve to a w...

Zuellig issues all sorted out, wholesalers on free market competition.

The Zuellig's issue was dramatically solved on Sept. 28 after almost 4 month long disputes, now, signaling an unlimited free competition in the Korean drug distribution market. By an active intervention by the gove...

Minister Kim Won-Gil Reviews Actual Transaction Redemption System

The Ministry of Health and Welfare has adopted a policy to completely reform the Actual Transaction Redemption System and to encourage the prescription of local medicine over original medicine. To solve the public ...

Associated drug wholesaler assigned by PAs becomes useless.

Pharmaceutical Associations had appointed drug wholesalers who were cooperating for retail pharmacies to keep a smooth prescription drug inventory when the medical reform program launched. Now, one year after its impl...

Adverse Balance of Medicine Trade Has Worsened Since Separation System

As the location of local pharmaceutical companies weakens due to the separation system between pharmacies and clinics, even medicine exports which have been recognized as the only sector to overcome the current diffic...

69% Increase in Deaths Due to Lung Cancer Highest in the Nation

According to a survey, lung cancer is the leading cause of death in Korea. In addition, it was learned that the number of people who died from cancer including lung cancer has increased by 10.6% during the past 10...

Drug prices of big variances urged to cut down.

The MOHW ordered drug companies spontaneously to reduce a drug price for the items of which consumer's complains were mounting up because of too big variance of prices in the market between insurance drugs (for hospit...

Former Ministers differ in their opinions on the reasons behind the financial failure.

It was disclosed that former ministers of the Ministry of Health and Welfare who took the initiative for the enforcement of the separation system have different opinions regarding the reasons behind the financial fail...

Mr. Cha, former MOHW admits his failure to forecast the financial crisis

Cha Hung-Bong, former Minister of Health and Welfare, attended as a witness in the hearing conducted by the Health and Welfare Committee of the National Assembly on the government agency. He admitted that he had faile...

No safety and efficacy check over health supplement foods.

Rep. Yoon Jeo-joon, a member of the National Assembly, Health and Welfare Committee pointed out in the parliamentary inspection meeting that any efficacy and safety tests on the health supplement food products had nev...

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