Establishing the foundation for the advancement of Korean Medicine industries
Establishing the foundation for the advancement of Korean Medicine industries
We create the synergy for the Korean Medicine industries and oversee the scientification and standardization of Korean Medicine, including materials banks.
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Modernization of Korean Medicine formula (formula improvement)
Purpose
- Making Korean Medicine more convenient to carry around and use while enhancing their quality through the development of different formulas (soft extracts or tablets), diversifying from the traditional concoctions.
- Expanding the coverage of Korean Medicine through the enhancement of standard prescriptions for Korean Medicine for national health insurance.
Business Outline
- Period : 2012. 1 ~ 2021. 12
- Description
- Developing various formula (including soft extracts or tablets) for Korean Medicine to be covered by the national health insurance.
- Standardization of production processes to develop high-quality Korean Medicine formula
- Conducting quality control and securing quality consistency through the comparative analyses on the compound of Korean Medicine.
- Securing validation through scientific verification on efficacy of Korean Medicine.
Effects
- Enhancing the convenience in consuming Korean Medicine formula by developing a variety of novel formula and expanding the consumer bases among younger generations to increase the use of Korean Medicine.
- Invigorating the Korean Medicine market, which is suffering from slow growth, by developing novel products based on the development of novel formula.
- Strengthening the healthcare coverage on Korean medicine through the enhancement of standard prescriptions of Korean Medicine for national health insurance reimbursement.
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Modernization of Korean Medicine formula (efficacy standardization)
Purpose and Necessity
- The government committed itself to the goal of ‘globalizing Korean Medicine’ and wider healthcare coverage of Korean Medicine.
- Securing scientific evidence for safety and efficacy of Korean Medicine formula as prescription drugs for national health insurance coverage.
Business Outline
- Period : 2015. 01. ~ 2019. 12. / 5년
- Description
- Conducting pharmacokinetic studies on Korean Medicine formula for national health insurance coverage (clinical and preclinical).
- Conducting studies on drug interactions (high-frequency synthetic drugs) and basic studies on Korean Medicine drugs.
- Validating Korean Medicine drugs through the test on their efficacy.
- Developing the standard analysis method for the substances absorbed.
Effects
- Developing the academic basis for promoting the use of Korean Medicine (single-taste mixture) for national health insurance coverage.
- Securing the basis of safety and efficacy of Korean Medicine ingredients for promoting Korean Medicine industries.
- Utilizing the safety information on concomitant administration of Korean Medicine and western medicine in the market that is focused on synthetic drugs.
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Korean Medicine Ingredients Bank
Purpose and Necessity
- Based on the demands for the standardization of qualities and scientification of Korean Medicine, the demands for refined, high purity natural substances originating from Korean Medicine ingredients are increasing.
- Through bio-conversion technologies, the limits of Korean Medicine ingredients are overcome. For this, it is necessary to secure the materials with functional benefits while securing novel technologies.
Business Outline
- Period : 2016. 1 ∼ 2020. 12 / 5년
- Description
- Building a bank of natural products separated from Korean Medicine ingredients and refined.
- Establishing an ingredients bank with enhanced functionality through bio-conversion of Korean Medicine ingredients.
- Supporting customer and invigorating the related industries by establishing integrated searching system
Effects
- Searching for activities through libraries and identifying candidate materials, while supporting the development of new, functional products through the bio-conversion of Korean Medicine ingredients.
- Making Korean Medicine more scientific and standardized by providing the indexes for Korean Medicine ingredients and their active substances.
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A project for establishing the basis for original Korean Medicine ingredients native to Korea.
Purpose and Necessity
- Establishing the foundation for a future-oriented Korean Medicine industry by supporting training programs and commercialization programs for prototype products.
- Following up with the 4th general development plan for the advancement and development of Korean Medicine. (In “III. Innovation and Growth for Korean Medicine Industries,” “① Running training programs for the talents in Korean Medicine industries,” “② Helping the researchers of new, future-oriented products/technologies in Korean Medicine to establish a new business,” and “③ Supporting the verification of the benefits of Korean Medicine for health, promoting the application of the products during the initial phase of commercialization.”)
Business Outline
- Period : 2017.01. ~2021. 12. /5년
- Description
- Training support for the talents in Korean Medicine industries (developing and executing training programs)
- Providing support to setting up new businesses in Korean Medicine (consulting for opening a new business and helping them with connecting with the local infrastructure.)
- Verification of Korean Medicine (identify promising products and development of the models for industrialization)
- Korean Medicine industry promotion (support for industrialization of Korean Medicine ingredients for chronic or geriatric diseases)
Effects
- Promoting the development of new products and new technologies by enhancing the capabilities of talents through the training programs for competent Korean medicine talents.
- Fostering a would-be unicorn company and creating jobs by providing start-up supports for Korean Medicine businesses.
- Invigorating the initial sales of the products through the verification support and enhancing customer satisfaction.
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Standardization of the specifications of the pharmacopuncture materials
Purpose and Necessity
- Securing the QA criteria through standardizing the production processes for pharmacopuncture materials.
- Quality control of the products through the evaluation of safety and stability of pharmacopuncture materials 2)Production of high-quality pharmacopuncture materials through the evaluation of safety and efficacy.
Business Outline
- Period: 2015. 1 ∼ 2019. 12 / 5년
- Description
- Quality standardization of the pharmacopuncture materials and pharmacopuncture products by standardizing the production process of these products.
- Quality management through the assessment of the safety and stability of pharmacopuncture products.
- Setting the quality criteria and evaluating the quality of the newly developed pharmacopuncture products.
- Validating Pharmacopuncture products through in vitro and in vivo
- Accumulating the data for expanding healthcare coverage to pharmacopuncture products.
Effects
- Securing the foundation for making pharmacopuncture products recognized as medicines with safety and stability by standardization.
- Concluding the debate on the safety and efficacy of pharmacopuncture products that are standardized.
- Utilizing the data as the basic data for introducing laws regarding the industrialization of the pharmacopuncture products.