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Pharmacies, convenient stores to face off over supplements
Competition is expected to heat up between convenient stores and pharmacists as the Korea Food and Drug Administration (KFDA) plans to allow 24-hour convenient stores to sell relatively safely health supplement produc...
Chronicles on OTC drug sale permit in non-pharmacies
It was in 1993 that consumers first asked the government to let them buy simple medicines at supermarkets and convenience stores. Eighteen years later, they still had to visit pharmacies even to buy such over-the-coun...
300 drugs to be re-categorized
The Korea Food and Drug Association (KFDA) said Friday it will complete the re-classification of all 39,254 drugs sooner or later, after forming a special task force consisting of experts who are neutral on the issue....
National Assembly passes bill to permit supermarket drug sales
The outgoing National Assembly passed the contentious bill aimed at permitting the sale of certain drugs at 24-hour convenient stores that could make it easier for people to buy medicine without going to pharmacies, a...
Over-the-counter drugs coming to convenient stores in November
Aspirin and other simple medicines are finally coming to convenience stores in November as the National Assembly Wednesday approved the revision bill to allow supermarkets to sell cold medicines, painkillers, pain rel...
Health ministry to select 20 OTC drugs
The Ministry of Health and Welfare said Thursday it will set up a committee to select 20 over-the-counter drugs within this month as the National Assembly passed the contentious bill aimed at permitting the sale of ce...
172 drug recall orders issued in 2011
The nation’s antitrust agency issued a total of 826 recall orders last year and among them, drug (including oriental medicines) related recalls violating the Pharmaceutical Affairs Law accounted for 20.8 percent to 17...
Partial crash between doctors and pharmacists are inevitable, KMA chief says
Roh Hwan-kyu, who was elected the 37th president of the Korean Medical Association last March and took office on May 1 for a three-year term, said Wednesday that there will be inevitable disputes with the Korean Pharm...
Top 7 drug firms suffer earning decline in first quarter
Korea’s leading pharmaceutical companies saw their operating profit decline in the first quarter of this year on their hurried handling of drug inventories ahead of government-mandated cuts in drug prices, data showed...
FTC to look into drug makers
Korea’s antitrust regulator will embark on looking into some drug makers’ undue business practices such as dealing rejection.
The Fair Trade Commission (FTC) said Tuesday that the business regulator will look into ...
