SEOUL, Oct. 31 (Korea Bizwire) – Domestic pharmaceutical firms have started to release sensitive information that may play to their disadvantage, mainly in order to eliminate any misunderstanding or speculation by not disclosing information in advance. The move is also driven by the recent Hanmi Pharmaceutical controversy, in which the company allegedly leaked insider information [...]
SEOUL, Aug. 29 (Korea Bizwire) – Vitamins and tonics topped the list of best-selling over-the-counter (OTC) drugs in South Korea in the first half of the year, data showed Monday, as people got more health-conscious. According to the first-half business reports by local drugmakers, the best-selling OTC medication was Aronamin, a vitamin manufactured by Ildong [...]
SEOUL, Aug. 22 (Korea Bizwire) – The number of people arrested for drug offenses in South Korea reached an all time high of 11,916 in 2015, due to more people buying and selling illegal substances online, government data showed Monday. According to the data compiled by the Supreme Prosecutors’ Office (SPO), the number of people [...]
SEOUL, Aug. 12 (Korea Bizwire) – There’s no doubt that a balanced diet and exercise are the best combo for healthy weight loss. But some prefer the assistance of modern medication like appetite suppressants, or anorectics. These appetite-inhibiting drugs had been strictly regulated by medical authorities since 2014, with the intention of protecting Korean citizens [...]
SEOUL, Aug. 8 (Korea Bizwire) – Samsung BioLogics Co., a biosimilar firm affiliated with Samsung Group, will apply for preliminary approval this week for its initial public offering (IPO), estimated at around 3 trillion won (US$2.68 billion), South Korea’s bourse said Monday. The firm, one of the world’s largest manufacturers of biosimilar medicine, plans to [...]
SEOUL, June 9 (Korea Bizwire) – Controversy has flared up over South Korean authorities’ recent approval of a new drug that premises to treat both high blood pressure and erectile dysfunction. In early May, the Ministry of Food and Drug Safety gave the green light to the antihypertensive and anti-impotence medicine developed by Hanmi Pharmaceutical [...]
SEOUL, Jan.26 (Korea Bizwire) – Information about medication that has been taken in the past three months will now be available to individuals online. The Health Insurance Review & Assessment Service (HIRA) announced that it launched its ‘Medication I Took’ service on January 25. The service provides users with information on drugs and their effects [...]
SEOUL, Jan. 22 (Korea Bizwire) – A local court on Friday overturned the acquittal of a 32-year-old hip-hop artist accused of using and selling drugs. The appeals department of the Seoul Eastern District Court sentenced Kwon Ki-bum, better known by his stage name Bumkey, to eight months in prison with a two year suspension. Bumkey [...]
JEONJU, Jan.7 (Korea Bizwire) – Smartphone applications are increasing as a window to traffic in drugs among young people. In the past, most drug users were in their 40s and 50s. However, the number of those in their 20s and 30s who are seduced by drugs is increasing with the proliferation of drug trafficking through [...]