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President-elect triggers concerns over for-profit hospitals

The Korean Federation of Medical Groups for Health Rights (KFHR) on Thursday claimed that the president-elect Park Geun-hye should not push "privatization" of the public healthcare sector, warning people’s vehement pr...

Physicians still overprescribe antibiotics for acute otitis media

A survey of Korea’s hospitals and clinics in the first half of this year showed that physicians continue to overprescribe antibiotics to children with acute otitis media. The Health Insurance Review and Assessment ...

Multinational drug firms take initiative in social contributions

In the face of mounting criticism that they are not meeting their corporate social responsibility (CSR) obligations in Korea, more foreign businesses here are striving to showcase their social contributions through a ...

First female wins Korean presidency

Conservative Park Geun-hye was elected president on Wednesday, the first woman to win the post. The 60-year-old candidate of the ruling Saenuri Party won the race by a larger margin than those predicted by the most...

Biz group calls for Park to support domestic pharmaceutical sector

The Korea Pharmaceutical Manufacturers Association (KPMA) called on President-elect Park Geun-hye to provide them with more practical and realistic support, demanding the cancellation of the current system to offer in...

Drug firms go all-out for sales boost

Desperate to meet their annual sales target, Korean drug firm are rushing to provide more favorable transaction conditions for wholesalers. Some companies have pushed wholesalers to place more drug orders, while al...

Small wholesalers struggling to boost bottom lines

Small and medium-sized wholesalers are finding it increasingly difficult to boost their bottom line amid drug makers’ demand for more collateral. They complain that some drug companies ask for a bank’s letter of gu...

KFDA approves 23 bioequivalence tests in 4Q

The Korea Food and Drug Administration (KFDA) said it approved 23 bioequivalence tests in the fourth quarter of this year. The drug authority said that based on the results of bioequivalence tests, it will examine ...

Korea to support innovative drug firms

The government plans to nurture 43 innovative drug firms which were selected in June. Under the arrangement presented by the Ministry of Health and Welfare, various benefits including tax deduction and financial su...

Sales of Viagra tumble due to generic drugs

Sales of the anti-impotence drug Viagra in Korea have nearly halved in five months since 30-odd local generic drugs entered the market, industry data showed Tuesday. The data showed that the sales of Viagra dropped...

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