Recently, the Korean government has considered modifying the list of over-the-counter (OTC) drugs to increase consumer welfare. Considering the institutional intent ‘to improve public access to medication’, adjustments to the list of OTC drugs wou...
Recently, the Korean government has considered modifying the list of over-the-counter (OTC) drugs to increase consumer welfare. Considering the institutional intent ‘to improve public access to medication’, adjustments to the list of OTC drugs would be needed, but safety must first be ensured to enhance consumer benefits.
As a result of comparative legal analysis for other countries, institutional enhancement or legal amendment on three things would be needed as follows. First, the classification criteria should be specified in the law and ingredients and types of drugs need to be presented considering formulations. Second, precursory regulations on consumer-oriented labeling is strictly required so that consumers can choose safe medicines.
Third, the side effect reporting system should be activated and linked to the reclassification system so that the list of OTC drugs can include only safe medicines.