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Korean Medical Firm to Acquire Danish Bio-venture Contera Pharma

Korean Medical Firm to Acquire Danish Bio-venture Contera Pharma

SEOUL, Sept. 24 (Korea Bizwire) – Bukwang Pharmaceutical, famous for anemia medicine Feroba, is expected to acquire Danish bio-venture firm Contera Pharma, which developed a new treatment material for Parkinson’s disease. After the acquisition, the Korean medical company will focus on the development of medicine for the disease. On September 23, Bukwang announced that it [...]

Crohn’s Disease Threatens Any Part of Gastrointestinal Tract from Mouth to Anus

Crohn’s Disease Threatens Any Part of Gastrointestinal Tract from Mouth to Anus

SEOUL, Sep. 20 (Korea Bizwire) – Surprisingly enough, it appears that patients in their 20s and 30s with Crohn’s disease are soaring high in number. On September 18, according to Congressman Kim Jae-won of Health and Welfare Committee who analyzed data from the Health Insurance Review and Assessment Service, last year the number of patients in [...]

Seoul City to Join Effort to Develop Water Supply Projects in Indonesia

Seoul City to Join Effort to Develop Water Supply Projects in Indonesia

SEOUL, Sept. 18 (Korea Bizwire) – With world class water supply technology, the Seoul Metropolitan Government will join an effort to develop water purification plants in Central Java of Indonesia and will support Korean small- and mid-sized companies’ advancement into overseas water supply business. On September 16, the city government announced that it signed an agreement for the [...]

Which Will Court Be in Favor of, NHIS or Tobacco Firms, in Fierce Court Battle?

SEOUL, Sept. 16 (Korea Bizwire) – The National Health Insurance Service (NHIS) filed a lawsuit against Korea Tobacco & Ginseng (KT&G), Philip Morris International Korea, and British American Tobacco (BAT), claiming, “The three companies are obliged to recompense our compensatory damages paid over tobacco-related diseases like lung cancer and laryngeal cancer.” The hearing held at the Seoul [...]

NHIC Confident of Winning Tobacco Litigation

NHIC Confident of Winning Tobacco Litigation

SEOUL, Sep. 15 (Korea Bizwire) – The first trial in a 53.7-billion-won lawsuit raised by the National Health Insurance Corporation against major tobacco companies was held in the afternoon of September 12 at the Seoul Central District Court. The defendants in the court were KT&G, Philip Morris Korea and BAT Korea. Chung Mi-hwa, the lead attorney [...]