News About: Distribution
Regional wholesalers to change prescription drugs
Regional wholesalers in Busan, Ulsan and South Kyungsang Province has threatened to change a list of prescription drugs produced by some drug firms that joined the two online drug shopping malls operated by Hanmi Phar...
Drug wholesalers need protection from large drug makers
Three large firms, such as CJ Pharm, Daewoong Pharm and Hanmi Pharm, are now rushing to expand their online drug business to boost the revenues hit by comprehensive price cuts of drugs by the government last April.
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Korea plans radio tags for prescription drugs
Radio tags (or expanded barcode) will be placed on the containers of narcotics and psychotropic drugs sold here from next year, according to the state-run Health Insurance Review and Assessment Service (HIRA), in orde...
Road gets bumpy for drug wholesalers
Korea’s drug wholesalers are realizing the road to survive next year comes with twists.
First of all, they are finding it increasingly difficult to boost their bottom line amid local drug manufacturers’ movement t...
World’s leading express companies eye Korean drug logistics market
A number of global logistics companies are strengthening their presence in the rapidly growing domestic logistics service market of diagnostic samples and clinical supplies.
DHL, the world's leading express company...
Goldman Sachs to keep investment on Korean firms
With its renewed interest in Korean firms, Goldman Sachs said it will not withdraw any investment from Geoyoung, despite the previous announcement that it is shutting down its Korean operation.
According to industr...
Small wholesalers blast Zuellig Pharma Korea’s sales policy
Local small drug wholesalers attacked Zuellig Pharma Korea (ZPK) with fierce criticism after the company asked for 120 percent collateral from wholesalers who want to make a direct deal with ZPK.
To make matters wo...
Baikje eyes drug hospital, logistics business
Baikje Pharm unveiled its plan to venture into hospital and drug logistics business to create synergy when combined with the existing pharmacy business.
The company said Wednesday it has appointed as its managing d...
Japanese firm eyes Korea’s wholesale business
A leading Japanese wholesaler is expected to visit Seoul next month in a bid to tap the possibility of entering into the domestic wholesaling business where multinational logistics giants are stepping up their presenc...
New drug logistics cooperative to start operation in October
The Korea Drug Logistics Cooperative (KDLC) will start its operation next month based on the wholesaling business license approved on September 26.
The KDLC consists of 70 small- and medium-sized drug wholesalers.
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