All Type of News
Wholesalers struggling to keep afloat
The country’s drug wholesalers have tried hard to keep afloat, but the recent movement of Korean drug firms toward the cutback of wholesalers’ profit margins weigh down on their business sentiment.
So far, Korean d...
Choi named Johnson & Johnson’s Global Baby Care presidentChoi Seung-hee, the incumbent president of Johnson & Johnson in North Asia, was appointed president of the company’s Global Baby Care Division.
Choi, 45, joined Johnson and J...
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Park’s welfare trim draws mixed reactions
Despite President Park Geun-hye’s previous reiteration on all of her presidential pledges, the government has been recently dropping hints of a significant cutback in some of her key welfare plans, particularly the ba...
Government set to change upper limit for user contribution
The Ministry of Health and Welfare has recently unveiled its plan to change the regulation on the upper limit for user contribution, differentiating the amount by breaking up seven different levels of income brackets,...
Hospitals calls for government to meddle with earlier drug payment
The Korea Hospital Association (KHA) has recently asked for the government and lawmakers to actively step in to resolve a deepening feud between hospitals and wholesalers over an earlier settlement of unpaid drug acco...
Wholesaler summoned over kickbacks
Prosecutors summoned a leading wholesaler in Changwon, South Gyeongsang Province early Monday as part of an investigation into allegations that the wholesaler offered kickbacks to MH Yonsei Medical Center.
On Sept....
Korea, Saudi Arabia forge partnership over medical information systems
The Ministry of Health and Welfare on Sunday announced that health minister Chin Young and his Saudi Arabian counterpart Abdullah Al Rabeeah reached an agreement on medical know-how transfer.
Under the deal, Korea ...
Pharmaceutical stocks draw rare attention from foreigners
Pharmaceutical stocks have recently been drawing rare attention from foreign investors in the stock market, echoing their negative stance over investment in the industry, recent data showed.
According to the data o...
New drug pricing policy raises concerns
The government’s plan to implement its revised volume forecast plan for a drug starting next year has triggered concerns from the domestic pharmaceutical community.
Under the plan, drug manufacturers and the Natio...
New drug reform likely to have restrictive impacts to domestic pharmaceutical sector
The Ministry of Health and Welfare has recently announced a major overhaul of the national health insurance program to broaden coverage of expenses related to the so-called four major illnesses designated by the Park ...
