News About: Goverment


President Park to promote and support biopharmaceutical industry

In order to nurture the biopharmaceutical industry, the government will powerfully revise restrictions. Using the action, its goal is to increase its market share in the global market by 5% by the year of 2025 as prom...

10 healthcare personnel successfully enter 20th National Assembly

At the 20th General Election for the National Assembly, the total 10 healthcare personnel successfully entered the National Assembly. According to the 2016 20th National Assembly election result on the 13th, 10(7 di...

Hypertension drug containing ‘olmesartan’ was taken safety actions(?)

The Ministry of Food and Drug Safety(hereinafter referring to MFDS) has begun to distribute safety letters to domestic medical and consumer associations about ‘olmesartan,’ a substance used for hypertension. As the ...

MFDS to support patent consulting for pharmaceutical companies less than KRW 100 billion

The Ministry of Food and Drug Safety(MFDS) has visualized the consulting business for the first time to help small and medium-sized pharmaceutical companies which will challenge pharmaceutical patents. It was confirm...

Prime Minister Hwang, “Government will actively support the bio-healthcare industry.”

In order for the biotechnology industry to develop, a government’s special committee is expected to be established. Prime Minister Gyo-ahn Hwang announced aggressive preparation of supporting measures towards the bi...

FSS begins to extensively revise excess health insurance

The Financial Supervisory Service(FSS) clarified to completely eradicate the custom that causes the increase of the excess health insurance costs. Moreover, it announced to make the excess health insurance as the nex...

Deputy Minister Moon-gi Sohn promoted to Minister of Food and Drug Safety

Deputy Ministry Moon-gi Sohn was promoted to the 3rd Minister of Food and Drug Safety(MFDS). President Geun-hye Park promoted the current Deputy Minister of Food and Drug Safety to the Minister of Food and Drug Safet...

First domestic establishment of ‘Chronic Heart Failure Therapy Guideline’

The chronic heart failure therapy guideline was first established and unveiled in Korea. On the 15th, the Korean Society of Heat Failure, a subsidiary of the Korean Society of Cardiology, established and announced th...

KPA proposes its opinions to Saenuri Party

The Korean Pharmaceutical Association(KPA) delivered the pharmaceutical industry’s current policy issues to the Saenuri Party and gave orders to invigorate the public health pharmacists system and the generic substitu...

For the year of the Patent Linkage System adoption, there was no major impact

It has been a year since the adoption of the Patent Linkage System. Fortunately for the pharmaceutical industry, the concerns that were expected before the adoption seems not reflected yet. The Patent Linkage System...

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