Ildong fined for illegal kickbacks

Ildong Pharmaceutical were found to have spent more than 16 billion won in rebates to doctors or pharmacists who prescribed their 33 products, an illegal practice that drives up costs to patients, the antitrust regulator said Tuesday.

The Fair Trade Commission (FTC) said it had caught Ildong for channeling 1.68 billion won in rebates during the 20-month span between April 2009 and December 2...