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S. Korean Pharmaceutical Goods Draw Popularity in N.K. Farmers’ Markets

S. Korean Pharmaceutical Goods Draw Popularity in N.K. Farmers’ Markets

SEOUL, Dec. 12 (Korea Bizwire) – South Korean-made pharmaceutical products remain widely popular in “Jangmadang,” or North Korea’s unofficial provincial markets, even though the distribution of goods from the South is under strict control in the communist state, a U.S.-based broadcaster said Monday.  A source in the North’s North Hamkyong Province told Radio Free Asia [...]

Drug Companies Make Changes to Hangover Remedies to Gain Customers

Drug Companies Make Changes to Hangover Remedies to Gain Customers

SEOUL, Nov. 30 (Korea Bizwire) – Pharmaceutical companies are diversifying hangover remedies to cater better to customers, especially foreigners, creating new products in different packaging, industry officials said Wednesday.  Handok succeeded in grabbing Chinese customers with its Ready Q Chew, the only jelly-type hangover remedy in the local market, where most of the products are [...]

Pharmaceutical Industry Expanding in South Korea

Pharmaceutical Industry Expanding in South Korea

SEOUL, Nov. 7 (Korea Bizwire) – South Korea’s pharmaceuticals sector is gaining workforce, having added 27 percent more employees since 2011, data showed on Monday.  Figures supplied by the Korea Pharmaceutical Manufacturers Association (KPMA) said 94,500 people were working in 842 companies of the pharmaceuticals industry at the end of 2015, up from 74,000 in [...]

Pharmaceuticals Voluntarily Release Sensitive Information

Pharmaceuticals Voluntarily Release Sensitive Information

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 [...]

Pharmaceutical Companies Race to Develop New Parkinson’s Drugs

Pharmaceutical Companies Race to Develop New Parkinson’s Drugs

SEOUL, Oct. 25 (Korea Bizwire) – Korean pharmaceutical companies are making significant developments in their research of Parkinson’s disease.  Parkinson’s is often associated with the elderly, making Korea’s rapidly-aging society more vulnerable to the disease, for which there is no cure.  Dong-A ST is set to apply for a phase 2 clinical trial for the [...]

Korean Pharmaceutical Industry Needs Generics to Survive

Korean Pharmaceutical Industry Needs Generics to Survive

SEOUL, Oct. 17 (Korea Bizwire) – The current news proves that the domestic pharmaceutical industry still places too much emphasis on generics, despite focusing on R&D for new medicine. With the expiration of the patent for Twynsta from the multinational pharmaceutical company Boehringer Ingelheim, close to 100 generics are being released.  The industry agrees that [...]

Songdo Attracts More Investment from International Healthcare Enterprises

Songdo Attracts More Investment from International Healthcare Enterprises

INCHEON, Oct. 4 (Korea Bizwire) – The Songdo International Business District is quickly establishing itself as a new hub for the biotech industry, already housing major pharmaceutical and healthcare enterprises like Samsung BioLogics and CellTrion, and attracting further investment from global firms. According to industry watchers, GE Healthcare and Merck Group will open new training [...]