News About: Distribution
Nearly all pharmacies settle drug spending within 90 days
Korea’s 17,135 pharmacies, or 91 percent of the total, settles their unpaid drug spending within three months, a recent poll showed,
According to a survey of 55 pharmaceutical wholesalers taken by the Ministry of H...
KPWA slammed for Incompetence and negligence
The local wholesaling industry has longed for a swift passage of undue drug payment bill to tide over their financial difficulties.
But, regrettably, the Korea Pharmaceutical Wholesaler (KPWA) has done little to b...
Daily 3-delivery drug system expands in wholesaling sector
A slew of pharmaceutical wholesalers are scrambling to introduce the daily three-delivery drug system in a bid to strengthen their drug circulation function to pharmacies.
It is usual for wholesalers to deliver the...
Large wholesalers join 3 leading on-line drug networks
Forty drug wholesalers have affiliated with Korea’s leading on-line drug shopping malls as the domestic electronic commerce market has significantly expanded, a pharmaceutical information portal said Monday.
Korea’...
Wholesalers skeptical over drug payment bill
Hospitals and clinics will be obliged to settle their undue payment within three months after receipt of medicines and in case of their violation, they will subject to paying an annual interest rate of 40 percent, or ...
DKSH to open new healthcare logistics center in Kimpo
DKSH, the world’s largest logistics company headquartered in Switzerland, said Wednesday it will open a healthcare logistics center in Korea’s northern city of Kimpo, enabling Korean clients to save delivery time for ...
Drug wholesalers, Seoul Credit Guarantee team up for credit guarantee
The Korea Pharmaceutical Wholesaler Association (KPWA) said Thursday that it will step up efforts to support small wholesalers in Seoul and other regions.
In the midst of the prolonged economic recession, many loca...
KDLC to set up joint logistics warehouse in Opo
The Korea Drug Logistics Cooperative (KDLC) unveiled its plan to rent a joint logistics warehouse of about 360 pyung (1 pyung = 3.3 square meters) in Opo, Gyunggi Province until the end of June at the latest.
The w...
Drug wholesalers' profitability falls in 2012
The country’s pharmaceutical wholesalers’ overall profitability deteriorated in 2012 from a year earlier in the face of financial costs, falling wholesaler profit margins and intense competition among players, an onli...
Wholesalers protest drug makers’ demand over debt guarantee
The Korea Pharmaceutical Wholesaler Association (KPWA) on Tuesday lodged a protest against pharmaceutical firms’ demand to submit a joint surety statement in addition to a collateral, which is deemed an unfair busines...
