SEOUL, March 19 (Korea Bizwire) — South Korea has witnessed an alarming 43-fold increase in the illegal importation of medications containing narcotic substances, including cold medicines, sleeping pills, and diet pills, over the past four years, customs officials reported on March 17. According to the Korea Customs Service (KCS), the volume of illegal pharmaceuticals containing narcotic [...]
SEOUL, Oct. 2 (Korea Bizwire) – In South Korea, prescriptions for methylphenidate, a medication used to treat Attention Deficit Hyperactivity Disorder (ADHD), have skyrocketed in the first half of this year, nearly matching the total number of patients prescribed the drug in all of 2023. This surge comes amid growing misconceptions about the drug as a [...]
SEOUL, Apr. 29 (Korea Bizwire) – A new study has found that older adults with chronic conditions who live alone are less likely to take their medications as prescribed compared to those living with family members. Poor medication adherence among patients requiring long-term treatment for chronic illnesses can lead to reduced treatment efficacy, increased adverse effects, [...]
SEOUL, Sept. 28 (Korea Bizwire) – A recent study conducted by the Korea Disease Control and Prevention Agency (KDCA) looked at emergency room visits for poisoning that happened over the course of a year, from June 1 last year to May 31 of this year, and revealed some alarming trends. Researchers queried data from 15 emergency [...]
SEOUL, April 4 (Korea Bizwire) — A growing number of pet owners are turning to online communities for help as many of them lack sufficient information on how to administer medication for their pets. The College of Pharmacy at the Catholic University of Korea conducted a survey of 111 animal enthusiasts, in which 61 of [...]
SEOUL, Feb. 21 (Korea Bizwire) — As the country begins to encourage home treatment for COVID-19, demand for cough medication and fever reducers are on the rise as more people are flocking to drug stores to stock medicine at home. Dong-A Pharmaceutical Co. reported that stocks of Panpyrin cold medication are rapidly emptying out at [...]
SEOUL, Sept. 6 (Korea Bizwire) — Last year alone, approximately 25,000 cases involving the sale of medication over the Internet were uncovered by authorities. According to data provided by the Ministry of Food and Drug Safety, there were 122,712 cases of illegal online sales of medication from 2013 to June of this year. The number [...]
SEOUL, Feb. 16 (Korea Bizwire) – South Koreans spent an average US$429 per person in 2015 to purchase medicines and medical supplies, slightly down from the previous year’s $446, data showed on Thursday. According to the data compiled by the Ministry of Health and Welfare, South Koreans’ average spending on medicine in 2015 was the [...]
SEOUL, Aug. 25 (Korea Bizwire) – Starting September 1, adult ADHD patients in Korea will be able to have their ADHD medication expenses partially covered by the national health insurance plan. Attention deficiency hyperactivity disorder, or ADHD, although largely perceived as a condition most prevalent in children and teenagers, is also becoming common among adults. [...]
SEOUL, May 24 (Korea Bizwire) – Recent anticipation predicts that Korea’s biosimilar market will grow to a 150-billion-won industry by 2019. According to the Korea Pharmaceutical Manufacturers Association (KPMA), the industry, which was valued at 80 billion won in 2013, will grow to a 150 billion won market by 2019. The government’s active policy towards biosimilars, [...]