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Health ministry to extend tax incentives to boost R&D investment
The Ministry of Health and Welfare said Friday that it will extend tax incentives to pharmaceutical companies that invest in the research and development of new drugs, vaccines and clinical research analyses in phase ...
Six in 10 doctors back optional health insurance
Six out of 10 doctors support adopting the optional health insurance system, which enables patients to buy prescribed drugs at hospital or pharmacy without restriction, a survey showed recently.
The Korean Medical ...
Pharmaceutical firms struggle to stay afloat
The government’s forced price cuts for drugs and other medical products covered by National Health Insurance in April last year has dealt a blow to local small- and medium-sized pharmaceutical firms.
To cope with a...
Six in ten hospitals delay drug payment until 90 days or longer
Six out of 10 hospitals are obliged to settle their drug payment within 90 days or longer after drug purchase from drug firms or wholesalers, because the Health Insurance Review and Assessment Service (HIRA) approves ...
Government to expand scope of DRG system
The Health Insurance Review and Assessment Service (HIRA) said Thursday that it will expand the adoption of the ‘diagnosis-related group (DRG),’ a patient classification system, reduce the price of medicines and strea...
Wholesaling industry promises to clean hospital bidding markets
The Korea Pharmaceutical Wholesaler Association (KPWA) said Friday it will make every effort to improve unethical bidding practices in local hospitals.
The KPWA also reiterated its strong will to eradicate such ill...
Government mulls modification of nursing personnel system
The government is considering abolishing the assistant nursing personnel system in 2018 to integrate the two-way nursing personnel system, the Ministry of Health and Welfare said Thursday.
Under the plan, the gover...
Pharmacy market likely to be shaken up newcomers
The drug and cosmetics store landscape is expected to undergo major changes as a large distribution chain eyes the market.
Lotte, one of the most dominant brands in the local distribution chain, plan to open its fi...
Korea expected to be global leader for Biosimilar by 2020: Frost & Sullivan
With Korea introducing a regulatory pathway for manufacturing biologics in 2009, the government has raised its stakes in the biosimilars market. It is providing both financial and institutional support to help the mar...
HIRA saves 2.15 trillion won in 2012
The Health Insurance Review and Assessment Service (HIRA) said Wednesday that it contributed to saving 2.15 trillion won from the state insurance fund last year through a series of measures, citing the report of Seoul...
