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FTA to hit pharmaceutical industry
Korean pharmaceutical industry could lose up to 2 trillion won due to the impacts of free trade agreements, experts claim.
In a recent seminar for boosting the domestic pharmaceutical industry, panelists said that...
Pharmacists go to court over “drug dispensing fee cuts”
A coalition of 24 regional pharmacist associations filed an injunction with the Seoul Administrative Court, Wednesday, to nullify the government’s plan to lower the drug dispensing/management fee.
The legal action ...
Campaign to promote proper use of medicines stirs controversy
The Patient Group Association and the Korean Pharmaceutical Research based Industry Association has recently launched a campaign to enhance consumers’ compliance on medicine as part of efforts to prevent possible adve...
Supermarkets to sell 44 OTC drugs
A total of 44 over the counter drugs that don't need a doctor's prescription could be sold at supermarkets in the near future, and people without a pharmacist's license may also be allowed to run pharmacies, according...
Concerns growing over re-categorization of OTC drugs
Uneasiness of pharmaceutical firms is deepening over the government’s plan to make over-the-counter (OTC) medicines available at supermarkets and convenience stores.
The Health and Welfare Ministry recently announc...
Dong-A baffled over Bacchus sales at supermarkets
Despite the Ministry of Health and Welfare (MOHW)’s announcement to allow 44 over-the-counter (OTC) medicines, including the popular Bacchus-D drink, to be sold at supermarkets and convenience stores, Dong-A Pharmaceu...
Government to re-establish functions of medical institutions
The Ministry of Health and Welfare said Friday that it will clarify the different functions of 44 general hospitals and private clinics to prevent general hospitals from being crowded with patients with mild symptoms....
Daewoong leads win-win relations with wholesalers
One of the issues for the Korean pharmaceutical industry has been how to chalk up symbiotic growth at both the country’s leading drug firms and their wholesalers.
The problem surfaced as a number of wholesalers ha...
Pharmaceutical industry urged to clean house
The pharmaceutical industry has never really had a good reputation, either here or elsewhere. Behind the life-curing business are heavy lobbying, dirty politics and giant rebates for favorite buyers, all of which are ...
Korea’s drug output totaled 15.7 trillion won in 2010
Korea's total drug production generated by 270 drug firms posted 15.7 trillion won last year, up 6.2 percent from 2009, according to data released by the Korea Food and Drug Administration.
The data showed that th...
