If the ‘Exclusive Sale Rights System’ is removed, KRW 800 billion will be saved

Published: 2014-12-22 10:51:56

Updated: 2014-12-22 10:51:56

The Patent-Linkage System, which had a 3-year grace period after the Korea-US Free Trade Agreement (FTA), will be enforced after March 2015.

Once the system is enforced, damages in the Korean pharmaceuticalindustry and in order for to minimize the damage, the government has planned the ‘Exclusive Sale Rights System’.

However, congressman Yong-ik Kim, a member of the National Assembly Health a...

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