News About: Goverment
Pharmaceutical, bio industries square off over pharmaceutical promotion law
The conflict is deepening between the local pharmaceutical companies and the Bioindustry Association of Korea over the recently disputed pharmaceutical promotion act.
The association is still holding to its positio...
Credit card payment should exceed 10,000 won in transaction amount
The government and the ruling Grand National Party (GNP) are moving to allow retailers to refuse plastic for transactions worth less than 10,000 won. It is apparently designed to appease disgruntled credit card firms ...
OTC selling should be allowed at supermarkets
People may buy digestives at supermarkets, according to Strategy and Finance Minister Yoon Jeung-hyun who cited an example to enhance competitiveness in the services sector.
“If OTCs may be freely sold at supermark...
Efficacy of 21 human placenta extracts to be clarified
The Korea Food and Drug Administration plans to review controversial efficacy and exaggerated advertisements of human placenta products within this year, based on clinical data and on-spot hospital inspections.
“We...
Names of 2,610 pharmaceutical ingredients to be standardized
The Korea Food and Drug Administration plans to standardize a total of 2,610 pharmaceutical ingredients listed in the Korea Pharmacopoeia (KP) and herbal medicines compendium.
The ingredients contained in the USP a...
KFDA to seek military service exemption of pharmacists at factory
The Korea Food and Drug Administration says it would seek to exempt compulsory military service of pharmacists working for regional pharmaceutical plants as part of efforts, not only to attract adequate number of prod...
Government sees medical device industry as growth engine
The government said that the medical device industry will be promoted as one of the next growth engines for the Korean economy. While Korea has entered into a period of stagnation akin to the global economy, the medic...
Hospitals, clinics to face on-spot inspection in second half
The Ministry of Health, Welfare and Family Affairs plans to inspect some hospitals and clinics that have so far overcharged medical insurance, including the same medical corporations that established a plural number o...
Benefits of national pension fund to be expanded
A total of 2.3 million people eligible for the national pension fund will receive more benefits of the fund from next month, up 4.7 percent from a year earlier, according to the Ministry of Health, Welfare and Family ...
KFDA likely to overhaul small package system
The Korea Food and Drug Administration is expected to overhaul the controversial small package system to make it “better” for both manufacturers and pharmacists
The KFDA Commissioner Yoon yeo-pyp said the administ...
