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Health insurance premium angers salaried workers

There is mounting discontent in salaried workers receiving less paychecks Monday as the National Health Insurance Corp. retroactively deducted additional premiums from paychecks of salaried workers this month to refle...

Celltrion is spotlighted

Celltrion, the second largest KOSDAQ listed company, has been feted here in Korea, especially in the stock market as biosimilars are widely seen as a new engine of Korea’s economic growth. Samsung Group vowed to inves...

Korean societies under financial pressure

Most of the Korean societies have been and will be affected by the government’s policy to abandon “rebates” ― a kind of kickback given by drug companies to pharmacies, clinics and hospitals for buying their products, ...

Market value of listed pharmaceutical firms tops 11.3 trillion won

The market value of 54 domestic pharmaceutical companies that went public on the local bourse reached 11.33 trillion won as of April 24 on the back of this year's bullish market run, showing a 687.8 billion loss compa...

63% of hypertensive patients visit community clinics

Hypertension may sound like something only the obese or those with certain diseases get, but it actually affects more than 20 percent of the population. According to the Health, Insurance Review and Assessment Serv...

Gift scandal shames KMA president

A gift sample related scandal is threatening to erode the credibility of the Korean Medical Association Chairman Kyung Man-ho as he strives to put his reform programs back on track. The scandal erupted recently whe...

Wyeth Korea recalls Tygacil 50mg

Wyeth Korea announced Friday it has voluntarily recall its imported glycylcycline antibiotic Tygacil 50 mg (batch No.: E23753) after the batch of the drug were found to contain a trace amount of ethylene glycol, which...

MSD Korea holds anti-baldness event

MSD Korea said it has held its internal event to help stave off baldness in men during the Easter period. The company distributed eggs including Ostrich eggs, drawing human face and hair of the head, to its employees ...

Drug makers spend 0.8% of revenue on entertainment

Details of entertainment spending revealed Friday show that the country's 106 pharmaceutical companies on average spend 0.82 percent of their annual revenue on entertainment and hospitality. In its 2010 Pharmaceuti...

KPMA voices strong opposition to government's generic price-cut proposal

The industry association of domestic drug makers, the Korea Pharmaceutical Manufacturers Association (KPMA), has repeatedly stressed on its opposition against the government's price-cutting attempt. The KPMA noted ...

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