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Ministry of Food and Drug Safety

South Korea's national regulatory agency overseeing the safety, approval, and marketing of food, drugs, medical devices, and cosmetics.

Known aliases

  • 식품의약품안전처
  • drug safety ministry
  • Korea Ministry of Food and Drug Safety
  • MFDS

Current stories

investConfirmed3 publishers

Hanmi's Eppe discount to Mounjaro shrinks from 53% at the starting dose to 19% at maintenance

Hanmi's Eppe is due this month at 129,800 won wholesale for four weeks, against about 210,000 to 270,000 won for Wegovy and Mounjaro. At the 299,200 won maintenance dose, Seoul Economic Daily puts the gap at 17% to 19%.

Perspective Coverage

3 publishers
Builder
Builder 13%
Operator
Operator 37%
Investor
Investor 50%

Reality

Evidence55
Adoption
Not scored
Hype gap+35
Incentives60
Confidence62
investOne report1 publisher

Mounjaro at a third of Korea's price draws Koreans to Japanese clinics

Korean customs detected 5,030 illegal obesity-drug imports through August, up from four in 2024, as Koreans fly to Japan for cheaper Mounjaro. Korea's visible answer so far is tighter border checks, with no reported cut to clinic prices for the uninsured drug.

Publishers:en.sedaily.com

Reality

Evidence55
Adoption30
Hype gap+20
Incentives
Not scored
Confidence55
investConfirmed2 publishers

Europe lifts Korea's biopharma exports to a record $6.6 billion

South Korea's biopharma exports rose 15.8% to a record $6.6 billion in the first nine months, led by Europe, the drug safety ministry said. With US shipments down 23.7%, Seoul Economic Daily reported, the record rests on European contract manufacturing and biosimilar demand.

Perspective Coverage

3 publishers
Builder
Builder 13%
Operator
Operator 37%
Investor
Investor 50%

Reality

Evidence72
Adoption60
Hype gap+8
Incentives35
Confidence70
investOne report1 publisher

Seoul High Court jails Genencell founder for four years over breach of trust and other charges, including 600 million won payment to broker's firm

Seoul High Court gave Genencell founder Kang four years in prison, reversing his acquittal over 600 million won paid to a broker's company. The ruling rests on recorded calls tying that money to an approach to Rep. Kim Seung-won.

Publishers:en.sedaily.com

Reality

Evidence55
Adoption
Not scored
Hype gap+10
Incentives65
Confidence60
investOne report1 publisher

Hanmi's Cheaper Obesity Drug Eppe Could Undercut Lilly's Mounjaro More Than Novo's Wegovy

Hanmi Pharmaceutical's Eppe could launch in Korea before year-end at an estimated 150,000 won for four weeks, 45% below Mounjaro's cheapest listing. Lilly won about 85% of the market at a higher price than Wegovy, so Novo, which has cut once already, is the likelier incumbent to cut again.

Publishers:koreaherald.com

Reality

Evidence45
Adoption
Not scored
Hype gap+25
Incentives
Not scored
Confidence40
investOne report1 publisher

Seoul High Court jails Genencell's Kang for four years over 600 million won lobbying payment

Seoul High Court jailed Genencell founder Kang for four years, ruling that 600 million won paid to a broker was compensation for lobbying via a lawmaker. The ruling contradicts one of the two reasons prosecutors gave in 2024 for suspending the indictment of lawmaker Kim Seung-won.

Publishers:en.sedaily.com

Reality

Evidence62
Adoption
Not scored
Hype gap+20
Incentives60
Confidence58
investOne report1 publisher

Seized Wegovy parcels outnumber licensed shipments nine to one in Korea's customs data

Korea's grey channel for weight-loss drugs now dwarfs the licensed one by case count, and a foreign web price that domestic prescriptions cannot match is doing the work.

Publishers:en.sedaily.com

Reality

Evidence68
Adoption
Not scored
Hype gap+20
Incentives40
Confidence62
investOne report1 publisher

Daewoong's sales force takes over a cognitive therapeutic at 200 prescriptions a month

Emocog's route into Korean clinics is now a drugmaker's sales force. The three-year exclusive covers hospitals, clinics and public health centers nationwide, and the screening test that feeds the prescriptions goes with it.

Publishers:en.sedaily.com

Reality

Evidence44
Adoption48
Hype gap+18
Incentives70
Confidence52
investOne report1 publisher

A venture firm demanded 15 million won to guarantee acceptance into Korea's TIPS program

Korea's Anti-Corruption and Civil Rights Commission analysed 2,184 startup complaints filed over twelve months and found offers of paid access among the most common, with monthly volumes running 36.5% above the earlier pace.

Publishers:en.sedaily.com

Reality

Evidence58
Adoption
Not scored
Hype gap+20
Incentives55
Confidence55
investOne report1 publisher

Kakao Ventures seeds a four-month-old startup that estimates the angiography frames the X-ray skipped

Corologic's AngioFilm interpolates low-frame-rate coronary angiography video in real time so the machine takes fewer X-ray pictures, and the seed money from Kakao Ventures and SNU Holdings is going to multicenter validation and approvals.

Publishers:en.sedaily.com

Reality

Evidence30
Adoption20
Hype gap+20
Incentives70
Confidence50
investOne report1 publisher

Cosmax's production peak has moved from the year-end quarter to July

Cosmax made 86.22 million units in July, its highest month this year and about triple its July 2021 output. First-quarter production came to 116% of the preceding fourth quarter, a ratio that stood at 91% in 2022.

Publishers:en.sedaily.com

Reality

Evidence58
Adoption70
Hype gap+28
Incentives52
Confidence55
investOne report1 publisher

Korea's top prosecutors sent back an indictment built on 5 million won of donations

A Seoul investigation team wanted justice minister nominee Kim Seung-won prosecuted and sentenced to eight months over a request to speed a COVID-19 trial approval. The Supreme Prosecutors' Office suspended the indictment instead.

Publishers:en.sedaily.com

Reality

Evidence42
Adoption
Not scored
Hype gap+12
Incentives68
Confidence38
investOne report1 publisher

All 30 'plant-based' melatonin foods Korea tested were melatonin, 27 above the drug dose

The Korea Consumer Agency says the category's main selling point describes a compound chemically identical to prescription melatonin, and 58 of 100 ads it reviewed were misleading.

Publishers:en.sedaily.com

Reality

Evidence46
Adoption52
Hype gap+24
Incentives68
Confidence41