Multinational pharmaceutical firms grab bigger market share

Shares of foreign firms operating in Korea have bulked up over the years, accounting for 72.7 percent of the local reimbursement claims with 1,227 drugs, a lawmaker said citing government statistics.

In a recent parliamentary audit to the Health Insurance Review Agency (HIRA), Rep. Kim Choon-jin of Uri Party said seven out of top items in terms of health-insurance reimbursement claims were ...