SEOUL, May 25 (Korea Bizwire) — South Korea’s health ministry said Wednesday it will suspend providing benefits for nine variations of two drug types manufactured by the local unit of Novartis after the Swiss pharmaceutical giant was found to have been engaged in illegal kickbacks. For six months starting in August, local customers will have [...]
SEOUL, June 23 (Korea Bizwire) – Korean prosecutors who were investigating allegations of GM Korea employees receiving kickbacks in return for business favors are now widening the scope of their investigation to also cover bribes related to employment guarantees. Many have testified that an applicant is guaranteed a permanent position regardless of qualifications if executives of [...]
SEOUL, Jan. 7 (Korea Bizwire) – Korea Otsuka Pharmaceutical Co. lost a case where it demanded that the taxation be cancelled on the kickbacks given to hundreds of doctors through fraudulent “surveys”. The court decided that the survey consultant firm hired by Korea Otsuka was promoting and publicizing products of Korea Otsuka, but disguised it as surveying. [...]