SEOUL, Nov. 28 (Korea Bizwire) — Automakers such as Hyundai Motor and Kia Motors are engaged in excessive management interventions, including their involvement in the personnel management of their sales agents. On the other hand, the pharmaceutical industry has seen an increase in the practice of rebates, in which sellers return a share of their [...]
SEOUL, Jul. 22 (Korea Bizwire) — South Korean pharmaceutical companies are scrambling to produce generic drugs as the government plans to introduce a new policy to prevent unchecked production of generic drugs in the near future. The companies are attempting to secure as many permits as possible before the new policy kicks in and various [...]
SEOUL, June 27 (Korea Bizwire) – The South Korean government is introducing new legislation in its fight against corruption, including regulations that will require pharmaceutical companies to divulge payments made to doctors and pharmacists starting next year. Under the new health care reform, pharmaceutical companies that offer financial compensation to medical staff are required to keep [...]
SEOUL, Jun. 27 (Korea Bizwire) — South Korea’s pharmaceutical industry has posted more than double the annual growth rate in terms of employment compared to the manufacturing sector as a whole, industry data showed Tuesday. The pharmaceutical industry has recorded 3.9 percent in annual employment growth rate between 2005 and 2015, while the comparable figure [...]