News About: Distribution
Number of new KGSP wholesalers declines
With the strict warehouse area regulation, the number of new KGSP (Korea Good Selling Practice) wholesalers decreased rapidly last year, the Korea Pharmaceutical Wholesaler Association said yesterday.
According to ...
Hwang to head wholesale body
Hwang Chi-yeob, was elected president of the Korea Pharmaceutical Wholesaler Association on February 15, the KPWA said Wednesday.
Hwang, who pledged to ensure more proper wholesaler margin and deal with the controv...
Wholesalers’ woe over thin margin
Just as the pharmaceutical industry is feeling price and margin pressure, so are wholesalers in today’s healthcare marketplace.
The massive price-cut plan starting April will continue to pressure wholesaler profit ...
LDLC to forge strategic tie-up with public corporation
The Korea Drug Logistics Cooperative (KDLC) said yesterday that it will forge a strategic alliance with a leading state-run corporation in an effort to construct a mass-scale drug logistic center.
Inaugurating its ...
Wholesalers may benefit from drug logistic cooperative
Pharmaceutical wholesalers may save their logistics costs by 30.6 percent, if they join the planned Korea Drug Logistic Cooperative, according to Sungji Logistics Management Research Institute that conducted a feasibi...
Controversy mounts over regulation of warehouse size
Tension is escalating between Lee Han-woo, incumbent president of the Korea Pharmaceutical Wholesaler Association and two former KPWA executives over the size of warehouse specifying 80 pyung (1 pyung equals to 3.3 sq...
List of drugs to be slashed should be made public earlier
The government plans to slash the price of about half the drugs on the market by an average of 14 percent starting next April, the Ministry of Health and Welfare said Monday.
According to the ministry, 7,500 items ...
New cooperative’s sales will likely shoot up to 1 trillion won
The organizer of a newly established Korea Logistics Business Cooperative for Small- and Medium-sized Wholesalers said that the cooperative’s combined sales are expected to reach 1.3 trillion won.
A total of 54 who...
Cabinet endorses bill on license of drug manufacturer and wholesaler
The government on Tuesday approved a bill aiming to introduce the so-called negative license system for drug manufacturers and/or wholesalers, stepping up efforts to enhance the predictability of license grant system....
KDLC selects 3 candidates
Korea Drug Logistic Cooperative for small- and medium-sized wholesalers said Monday it has selected three potential buyers to buy a controlling stake in the cooperative, as part of its efforts to promote the domestic ...
