News About: Distribution
Bayer Korea faces wholesalers’ boycott
Local wholesalers are moving towards boycotting the sales of products made by Bayer Korea in a protest against the firm sticking to a 5-percent profit margin on wholesalers.
Wholesalers have put pressure on Bayer K...
KPWA to check multinational drug firms for marketing abuses
The Korea Pharmaceutical Wholesaler Association (KPWA) said Thursday that it will beef up the monitoring of multinational drug manufacturers to keep them from abusing their marketing here amid growing distribution mar...
Wholesalers to toughen stance on distribution margins
The Korea Pharmaceutical Wholesaler Association (KPWA) said Tuesday it will have a meeting today with Bayer Korea over wholesalers’ profit margins amid the situation where local wholesales have vowed no let-up in its ...
Multinational drug firms to face growing calls to hike wholesalers’ margin
Local wholesalers recently stepped up pressure on multinational drug manufacturers to increase their profit margins up to at least 8.8 percent, calling for mutual co-existence.
In a statement delivered to foreign-i...
New warehouse regulation perplexes wholesalers
Local wholesalers are having trouble adjusting to the new regulation calling for a warehouse calling for at least 80-pyrung (1 pyung = 3.3 square meters), which divides wholesalers into two groups.
As for the ware...
Wholesalers struggling to keep afloat
The country’s drug wholesalers have tried hard to keep afloat, but the recent movement of Korean drug firms toward the cutback of wholesalers’ profit margins weigh down on their business sentiment.
So far, Korean d...
Wholesalers struggling to improve bottom lines
Drug wholesalers have tried hard to keep afloat, but they are finding it increasingly difficult to boost their bottom line amid strong demand for margin profit cuts planned by several companies including Bayer Korea.
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15 wholesalers to build large-scale drug logistics center in Busan
Busan Drug Distribution Cooperative announced Monday it will build a large-scale drug logistics center in the western area of Busan as part of its move to launch its joint drug logistics business.
A total of 15 dru...
Drug wholesalers to boycott multinationals’ products
A growing number of drug wholesalers will join a nationwide campaign to boycott multinational firms’ products to protest the latter’s scheme to cut the wholesalers’ profit margins.
An official of the Korea Pharmace...
More OTC small wholesalers forced into bankruptcy
A growing number of small-and mid-sized OTC (over-the-counter) drug wholesalers here will go out of business in the years to come, due largely to a fiercer competition among wholesalers amid the global economic downtu...
