News About: Goverment
Drugs blacklisted over harmful talc to be scrapped soon
1,122 drugs and medical goods confirmed to have used talc contaminated with asbestos will be discarded within this month, according to the Korea Food and Drug Administration.
The drug agency will also mete out some...
Influenza A kills 2 Koreans
Two Koreans died on August 15 and 16 from complications apparently caused by the flu virus, which has claimed the lives of almost 1,500 people across the world. One of the two was in his 50s and the other in her 60s.
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Korea to vaccinate 13 million people
The Korean government plans to offer the vaccine to 13 million people, or 27 percent of the total population by mid-November. The figure was decided at a panel meeting of the Vaccination Review Board at the Health Min...
Advance payment of rebate is subject to price reduction
Health, Welfare Minister Jeon Jae-hee expressed her strong will to eradicate the pervasive rebate practices, saying the government will forcibly lower drug prices by up to 20 percent if drug makers are found to offer ...
Pharmaceutical firms’ governance grades upgraded
The Korea Corporate Governance Service (KCGS), a local rating agency, said that among 645 corporations whose shares are listed on the Korea Stock Exchange, five pharmaceutical firms – Dong-A Pharm, LG Life Sciences, S...
Regional Hospitals and pharmacies to be designated
The Korea Center for Disease Control and Management (KCDC) said that it will officially designate regional hospitals and pharmacies nationwide in order to minimize the likelihood for the public to be exposed to a new ...
KFDA’s annual budget reduction planned
The new government plans to cut state budget to push up with a four-river project to control floods and improve the quality of water. As result, the Korea Food and Drug Administration submitted its 2010 budget plan of...
2 medical clusters picked
The government-private panel chaired by Prime Minister Han Seung-soo picked Osong of North Chungcheong Province and Daegu's Shinseo district as the sites for a 5.6 trillion won medical complex on August 10.
The gov...
Korea’s medical expenditures up 11.8% in first half
The national health insurance spent 19.4 trillion won in the first half of this year to cover medical expenditures including drugs and treatment outlays, up 11.8 percent compared with 17.3 trillion won marked in the s...
Health insurance to cover new drugs with less economic effectiveness
The price of a new drug, which lacks an economic effectiveness, despite its clinical efficacy, will get listed for insurance coverage, provided that a drug maker would accept a lower weighed average price, the Health ...
