All Type of News
Decreased coverage for minor diseases
The government will lower health insurance benefits for treatment of minor illnesses while increasing coverage for severe diseases, The Ministry for Health, Welfare and Family Affairs announced on June 24.
In a ma...
Korea’s leading drugmakers hit by sluggish sales
Influenced by anti-rebate sales policies, domestic leading pharmaceutical firms, Dong-A Pharm, Hanmi Pharm, Daewoong Pharm and Yuhan Corp., saw their monthly sales plunge, according to pharmaceutical business sources....
Korea to adopt EU GMP regulations
The Korea Food and Drug Administration says it would redraw some of the country’s detailed GMP (Good Manufacturing Practice) standards to the European Union’s GMP.
“EU GMP regulations are defined in a more comprehe...
Ominous sign for local wholesalers
Korean pharmaceutical wholesalers are facing serious challenges from their foreign rivals, who want to expand their presence in the domestic drug logistics business.
KyundongSa, being equipped with a large capital,...
Assembly panel passes bill on nurturing of local pharmaceutical industry
The Health and Welfare Committee of the National Assembly passed a bill on June 24 aimed at backing domestic drug firms.
Lawmakers agreed on the need for supporting Korean pharmaceutical firms to develop homegrown ...
Pharmacies earn average 10.65 million won as monthly dispensing charge
Korea’s total healthcare expenditure amounted to 10.72 trillion won in the first quarter of this year, the Health Insurance Review Assessment and Service said on June 24.
The national health insurance spent 2.71 tr...
Korea lags in research spending
Korea has lagged behind Japan and other developed nations in research and development (R&D) activities over the last couple of decades, undermining present and future growth potential, the Korea Drug Research Associat...
Concerns growing over pharmacy’s wholesaling function
Many wholesalers feel threatened by the recent movement of large pharmacies to open the wholesaling business, as a signal to erode their revenue.
"We do not see ourselves competing with the pharmacists because the ...
Government to revise severance pay law from December
Employers in the workplace with four employees or less will be required to offer retirement pay from December, the Ministry of Labor said on June 23.
So far, the retirement pay law has been applicable to companies ...
Green Cross to release once-daily transdermal sustained-release patch
Green Cross Corporation says it will exclusively distribute a transdermal patch preparation of the β2-adrenoceptor agonist (β2-agonist) tulobuterol from June 28.
Company officials said the tulobuterol patch will be...
