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Made In Korea: Local Device Companies Overtake Multinationals In Product Approvals

 
• By Peter Chang

Korea approved 3,100 new medical devices in 2012, with domestic products overtaking imported products for the first time.

SEOUL – The Ministry of Food and Drug Safety, formerly called Korea FDA, said the number of medical devices it approved in 2012 reached 3,100, up 6.9% from 2011.

“Demand for medical devices is on the rise as the Korean population is rapidly becoming an aged society and subsequently...

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