News About: Distribution


Pharma distribution industry’s signature gathering against the serial number reporting system

The pharmaceutical distribution industry has decided to gather signatures to request reconsideration of the real-time serial number reporting system. The Korea Pharmaceutical Distribution Association held the 2017 1s...

Geo-Young and Baekje Pharmaceuticals recorded sales more than KRW 1 trillion

Following Geo-Young, Baekje Pharmaceuticals exceeded KRW 1 trillion sales, which will encourage enlargement in the pharmaceutical distribution industry. According to the analysis result of 139 pharmaceutical distribu...

Strongest ‘Geo-Young’ and followed by ‘Baekje’ in pharma distribution industry

Geo-Young Group reconfirmed its position as the strongest recording KRW 2.7461 trillion in the pharmaceutical distribution market last year. Then, it was followed by Baekje Pharmaceutical ranking the 2nd with KRW 1.09...

Amplified anxiety over prosecutors’ investigation in pharma and distribution industry

After the Eastern Branch of Busan District Public Prosecutors’ Office searched and seized influential distribution companies in Seoul and Busan last March, anxiety has been raised among pharmaceutical companies and di...

Pharma distribution companies’ start to create new revenue models

With the trend of decreasing margins from pharmaceutical companies, pharmaceutical distribution companies have started to aggressively discover new products as a way to find new revenue models. Through Order Station,...

UPharmMall e-commerce shop makes a fresh start with pharmaceutical distribution company

‘UPharmMall,’ a pharmacy e-commerce service of UBcare Co., Ltd., a company specializing in hospital and clinic EMR(electronic health records), established a new separate corporate with a pharmaceutical distribution co...

Drug distribution industry strongly criticizes serial number system

In terms of the real-time drug serial number obligation this coming July, it was strongly suggested that nothing was ready for the enforcement. At the debate hosted by Rep. Hye-Sook Jeon for the drug serial number ob...

KPA raises one voice, ‘management over expansion for household products’

Saying “For the national health, we can never accept the ‘Expansion of Emergency Household Drugs’ sold in convenient stores,” Korean Pharmaceutical Association(KPA) Policy Director Bong-Yoon Kang made a strong critici...

Distribution companies burden additional KRW 186.9 billion for real-time reporting system

It was observed pharmaceutical distribution companies will need to pay additional expenses more than KRW 180 billion to make reports for drug serial numbers in real-time, which is scheduled to be enforced on July. Th...

Prosecution using investigation technique with telecommunication

The prosecution is extending the investigation on pharmaceutical distribution companies. The Eastern Branch of Busan District Public Prosecutor’s Office, which searched and seized the 8 wholesalers – including large ...

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