The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Mon, July 4, 2022 | 03:13
Companies
17 Drug Makers Caught Bribing Hospitals
Posted : 2007-08-16 16:59
Updated : 2007-08-16 16:59
Print Preview
Font Size Up
Font Size Down
By Jane Han
Staff Reporter

The country's antitrust regulator said Thursday that 17 mid- and large-size pharmaceutical companies were found to have provided rebate-offerings to area hospitals. The watchdog will now expand its ongoing investigation to 200 other local drug companies.

``All of the 17 makers investigated were found to have engaged in suspicious activity,'' said a Fair Trade Commission (FTC) spokesman, adding that both local and multinational drug manufacturers were included in the probe.

He said the pharmaceutical companies under fire had bribed hospital officials with money and other goods.

``The level of punishment will be decided once the investigation results are discussed at an FTC meeting to be held soon,'' said the watchdog official.

The FTC may also begin a probe on the hospitals that are suspected of demanding rebates from drug makers.

While illegal business practices, including rebate-offerings, were considered common in the pharmaceutical industry, a crackdown on such illegal activity has been strengthened recently after FTC Chairman Kwon Oh-Seung warned industry leaders in May.

Since then, the regulator has been investigating the joint marketing system of pharmaceutical companies with regard to fair competition laws.

jhan@koreatimes.co.kr
 
LG
  • Korea's bio industry at turning point after pandemic
  • Can Chinese demand cushion blow of US recession on Asian economies?
  • Declining approval rating feared to dampen Yoon's political drive
  • Umbrella union stages massive rallies in Seoul amid scorching heat
  • Concerns grow over COVID-19 resurgence
  • More than six out of 10 South Koreans willing to fight for country
  • Not just another crypto-bubble
  • Inflation expected to accelerate further in 2nd half
  • N. Korea lashes out at closer security ties among S. Korea, US, Japan
  • Japanese media focuses on Yoon's 'sales diplomacy'
  • Cha Eun-woo eyes starring role in 'K-Pop: Lost in America' Cha Eun-woo eyes starring role in 'K-Pop: Lost in America'
  • BTS' J-Hope tops iTunes charts in 84 countries BTS' J-Hope tops iTunes charts in 84 countries
  • Moon Geun-young to make directorial film debut at BIFAN Moon Geun-young to make directorial film debut at BIFAN
  • BLACKPINK's 'Ddu-du Ddu-du' sets YouTube views record for K-pop group BLACKPINK's 'Ddu-du Ddu-du' sets YouTube views record for K-pop group
  • Lee Jung-hyun returns to big screen after childbirth Lee Jung-hyun returns to big screen after childbirth
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group