SEOUL, July 8 (Korea Bizwire) — South Korea’s pharmaceutical industry is once again under fire as a string of illegal rebate scandals have surfaced in 2025, reigniting calls for structural reform and stronger support for new drug development. Prosecutors recently indicted three mid-sized pharmaceutical companies and their employees in connection with the so-called “residents’ rebate” [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s agriculture ministry said Friday it has set aside 20 billion won (US$17 million) to offer rebates to users of food delivery apps to promote social distancing and support local restaurants. Under the program set to start Wednesday, the government will provide a 10,000 won refund to those [...]
SEOUL, Aug. 29 (Korea Bizwire) — The National Tax Service has decided to rescind a controversial policy requiring suppliers to unify the price of liquor regardless of the amount of liquor they are supplying to various vendors, taking a step back from its original stance. The tax agency announced on Wednesday that it will implement [...]
SEOUL, Dec. 8 (Korea Bizwire) — Dongwha Pharmaceutical, one of the largest drug companies in Korea, was indicted for paying rebates by the billions of won to doctors in exchange for agreeing to give prescriptions with its own drugs. This is the biggest illegal rebate incident since December 2008 when a law making it illegal to pay [...]