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New ‘Miracle’ Weight Loss Drug Raises Insurance Coverage Questions

New ‘Miracle’ Weight Loss Drug Raises Insurance Coverage Questions

SEOUL, Sept. 18 (Korea Bizwire) – As South Korea prepares for the launch of Wegovy, a highly anticipated weight loss medication, next month, questions are arising about its coverage under private health insurance plans.  Wegovy, produced by Danish pharmaceutical company Novo Nordisk and famously touted by Tesla CEO Elon Musk as his weight management secret, is [...]

Supreme Court Finalizes Heavy Prison Terms for Ring behind Drug Scam Targeting Students

Supreme Court Finalizes Heavy Prison Terms for Ring behind Drug Scam Targeting Students

SEOUL, Sept. 6 (Korea Bizwire) — The Supreme Court finalized heavy prison terms, ranging from seven to 18 years, for four men connected to a high-profile drug scam case where young students were deceived into consuming drug-laced drinks, judicial officials said Friday. In the ruling made last month, one of the four defendants, a man [...]

South Korea Sees Sharp Rise in Drug Addiction Treatment Costs

South Korea Sees Sharp Rise in Drug Addiction Treatment Costs

SEOUL, Jun. 27 (Korea Bizwire) – In recent years, South Korea has witnessed a significant increase in medical expenses related to drug addiction, largely attributed to a growing trend of prescribing psychotropic medications for insomnia treatment and weight loss.  The Health Insurance Review and Assessment Service (HIRA) released these findings on June 26, coinciding with World [...]

South Korea to Launch Residential Treatment Camps for Drug-Addicted Youth

South Korea to Launch Residential Treatment Camps for Drug-Addicted Youth

SEOUL, Mar. 20 (Korea Bizwire) – In a bid to help teenagers with drug addiction recover their daily lives and foster self-reliance, the South Korean government plans to pilot the country’s first residential treatment camps in the latter half of this year. According to the Ministry of Gender Equality and Family, the state-run Korea Youth Counseling [...]

Rising Tide of Online Drug Crimes Sparks Alarm for 2024: Urgent Calls for Specialized Enforcement and Cybersecurity Measures

Rising Tide of Online Drug Crimes Sparks Alarm for 2024: Urgent Calls for Specialized Enforcement and Cybersecurity Measures

SEOUL, Dec. 28 (Korea Bizwire) – The escalation of drug crimes in South Korea is anticipated to pose growing societal concern in the upcoming year, primarily attributed to the proliferation of online drug distribution channels that gained traction during the coronavirus pandemic.  On December 27, the Institute of Public Security Policy at the National Police University [...]