News About: Goverment


The budget of the Ministry of Health and Welfare is finalized at KRW 53.4725 trillion

The 2015 budget of the Ministry of Health and Welfare is finalized at KRW 53.4725 trillion, which makes KRW 6.573 trillion compared to the last year with KRW 46.8995 trillion. According to the ‘Ministry of Health and...

The Ministry of Health and Welfare builds up supports centered in global new drug development

While economic growth of the pharmaceutical industry is slowing down, the Ministry of Health and Welfare has released complementary measures to nurture the pharmaceutical industry, such as global new drug development ...

The Ministry of Food and Drug Safey stated “There is no change on the maximum daily dose for acetaminophen”

After continuation of controversy, reduction of the maximum daily doseforacetaminophen has never come true. Based on advices received from experts on restriction of acetaminophen containment, the Ministry of Food and...

Demonstrative insurance benefit for telemedicine will take place from KRW 9,900 to KRW 38,000

The government will adoptdemonstrative insurance benefit in medical institutions participating in the telemedicine project. The Ministry of Health and Welfare announced on the 26th that the ministryis going to adopt ...

The expansion of the pharmaceutical market since the FTA

Although the size of the pharmaceutical industry has been expanded since the FTA, it is observed that a trade balance still recordeda deficit. The Korea Health Industry Development Institute (KHIDI) expressed through...

Costing KRW 16 trillion in a year, customized policies for elders are urgently required

As aging of the population speeds up, it is shown that the present medical expenses of the elderly group are KRW 11 trillion more than what it used to be 8 years ago. The Research Institute for Healthcare Policy, the...

A legislative bill to reduce areas of pharmaceutical wholesale warehouses passed the LBSC

A legislative bill to reduce areas of pharmaceutical wholesale warehouses passed the Legislative Bill Screening Committee (LBSC) of The Health Welfare Committee. As the bill to revisethe pharmaceutical law, proposed ...

Request for the immediate retraction of the irresponsible statement of the speaker of the National Assembly about the ‘Japanese-Style Selective Medical Separation’

The Korean Pharmaceutical Association (president Chan Hwui Cho, KPT) expressed a regret for the statement of Eui-hwa Chung, the speaker of the National Assembly, about the ‘Transformation into the Japanese-Style Selec...

The accumulated money of the health insurance has exceeded KRW 10 trillion for the first time in 2014

The health insurance budget has continuously had surpluses, which are expected to exceed KRW 10 trillion in the accumulated money of the health insurance. According to the current state of the health insurance budget...

Directions of the healthcare industry about the Korea-China FTA

As the Korea-China Free Trade Agreement (FTA) has practically been made, people concerned started to estimate the effect that can be influenced in the healthcare industry. While common opinions state that there is no...

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