All Type of News
Dispute rages over micro credit card fee
The Credit Finance Association of Korea (CFAK) Thursday unveiled its plan to reduce the credit card transaction fee from the current 2.68 percent to 1.88 percent, on Korean merchants generating 10 million won to 100 m...
Pharmacists worry about smartphone based prescription service worry
Smart phones have opened up whole new possibilities, and there is an application ready to assist users every need, including smartphone based prescription service.
According to a mobile vendor, consumers are able t...
Metropolitan areas cover 51 percent of all medical products
Korea’s metropolitan markets have covered 51.1 percent of all medicines distributed throughout the country, according to the Korea Pharmaceutical Wholesaler Association.
The annual sales volume of all drugs in Kore...
KPMA chief steps down
Ilsung Pharma Chairman Yoon Suk-geun said yesterday he will quit his post at the Korea Pharmaceutical Manufacturers Association (KPMA) President.
Yoon took the leadership of the association in February, but he has ...
Health Ministry vows to resubmit OTC drug sales bill
The Ministry of Health and Welfare said Wednesday it will resubmit OTC drug sales bill if the Assembly does not pass it before its four-year term ends in May.
“People have asked for measures to buy certain drugs co...
Parties set to convene plenary session today
Irritated by public criticism, major political parties on today will convene a plenary session to pass 60 pending bills, including a bill to permit sales of over-the-counter drugs at convenience stores.
Sources say...
Pfizer Korea keen on domestic bioequivalence testing
Pfizer Korea, Korean unit of the world's biggest drugmaker, is keenly interested in this country’s bioequivalence testing to increase sales of medicines that have lost patent protection.
In a local symposium organi...
Bloated reserves undermine growth potential
Pharmaceutical companies are piling up internal reserves instead of investing for the future, undermining their growth potential. Companies opted to hold back their capital spending due to the uncertain business outlo...
Bill for sale of OTC drugs stalled
The National Assembly on Tuesday postponed what was expected to be its last plenary session, after rival parties failed to narrow their differences on a bill on the legislative process.
Floor leaders of the ruling...
Drugmaker’s group in turf war over leadership
The Korea Pharmaceutical Manufacturers Association is still staggering over an internal feud on whether to acknowledge its newly-elected leader.
According to sources, Yoon Suk-geun, who was nominated the new presid...
