News About: Pharm. Industry


It takes 87 days to collect receivables for multinational pharmas

Multinational pharmaceutical companies were observed to take average 87 days to collect receivables after selling their pharmaceutical products. The length was 20 days shorter than 109 days that it takes on Korean lis...

Foreign pharmas earn KRW 21 out of selling products worth of KRW 1,000 in Korean market

Korean branches of multinational pharmaceutical company were analyzed to earn KRW 21 out of selling products worth of KRW 1,000 last year. According to the Yakup Shinmoon’s(www.yakup.com) analysis result of 2016 audi...

Multinational pharmas pay about KRW 80 million for annual salary per employee

It was observed the average annual salary per employee working at multinational pharmaceutical companies’ Korean branches was close to KRW 80 billion, and employees working at GlaxoSmithKline and Sanofi Pasteur earned...

7 of 10 multinational pharmas reduce entertainment expenses due to Kim Young Ran Law

The Kim Young Ran Law enforced last year was analyzed to reduce entertainment expenses on multinational pharmaceutical companies. According to the Yakup Shinmoon’s(www.yakup.com) analysis result of 2016 audit reports...

Multinational pharmas earning tons of money in Korea, stingy over contributions to society

It was observed multinational pharmaceutical companies, earning an enormous amount of money in the Korean market, have been stingy on spending contributions to the Korean society. Moreover, it was observed 9 multinat...

Draft for the improvement measure of KPA’s electoral system by end of the year

The Korean Pharmaceutical Association’s(KPA) Special Committee to Improve the Electoral System announced “We’ll prepare improvement measures for the rational election, and propose an agenda through public hearings by ...

Multinational pharmas’ trend to reduce advertising expenses by 7%

It was observed multinational pharmaceutical companies are reducing expenses for advertising. It seems they have cut advertising expenses because there is no reason to increase them as most of their products are ETC ...

Via Davinci and Hanlim MS recorded ‘highest’ KRW 36.4 billion dividends and 876% dividend payout ratio each

Pharmaceutical distribution companies paid the total KRW 93.3 billion dividends based on their performance of the last year. Among them, Via Davinci and Hanlim MS became the top in the amount of dividends and the divi...

‘Rebate-involved’ 2 pharmas lost position as innovative pharmaceutical company

The pharmaceutical companies which got involved with rebate was finally removed from the list of innovative pharmaceutical companies. The Ministry of Health and Welfare removed the 2 companies that lost the position ...

Company returning innovative pharma certi. Respects MOHW’s decision, but a tad sorry

In regards to returning the innovative pharmaceutical company certificate to the Ministry of Health and Welfare(MOHW), the company A expressed a stance that the company respect the MOHW’s decision and is sorry about t...

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