In May 2005, a Memorandum of Understanding was signed by members of the World Health Organization (WHO), Korea Ministry of Health and Welfare (MOHW) and Korea Food and Drug Administration (KFDA), as a means of cooperating on chemical safety activities. Under the... Read More
The National Health Insurance (NHI) Act oversees all public health insurance in Korea. This Act covers the entire population and all citizens earning an income in Korea must contribute a percentage of their monthly salary. Today, the Korean government considers the medical... Read More
Korea’s Ministry of Health and Welfare (MOHW) recently announced plans to deregulate a number of medical laws in hopes of boosting the country’s medical sector. The new bill, to be drafted by the end of 2005 and passed early in 2006, is... Read More
In Korea, the National Health Insurance (NHI) Act oversees all public health insurance. This Act covers the entire population and all citizens earning an income in Korea must contribute a percentage of their monthly salary. The Ministry of Health and Welfare (MOHW)... Read More
In June of this year, the Korean government released a plan to develop an industrial zone in Wonju, Korea, specializing in medical equipment. Even though the project does not officially begin until 2005, Wonju has already established a medical equipment development center,... Read More
The implementation of new information technology (IT) services in Korean hospitals enables patients to receive faster and more accurate diagnosis and treatment. These new IT services include the use of the Internet for remote diagnosis, teleconferencing, and the establishment of internal computer... Read More
A recent survey conducted by the Political and Economic Research Consultancy (PERC), a Hong Kong based research group, gave South Korea 5.88 points on a scale of 0 to 10 for intellectual property (IP) protection (0 being the highest level of IP... Read More
The Korean Ministry of Health and Welfare (MOHW) is currently implementing plans to strengthen the competitiveness of Korea’s pharmaceutical industry. The main goals of the MOHW include establishing a more comprehensive base for research and development for pharmaceutical products in Korea. Among... Read More
Heart disease continues to be one of the leading causes of death in Asia. As countries like Japan, China, Taiwan and the Philippines have a greater demand for medical devices and pharmaceuticals to help treat cardiovascular disease, many foreign medical companies have... Read More
The National Trade Estimate (NTE) Report released in April 2003 by the Office of the US Trade Representative (USTR) recently criticized South Korea’s trade barriers and lack of communication between the Korean government and multinational pharmaceutical companies. Based on the strong language... Read More