News About: Distribution
Large wholesalers support unified drug distribution
The Innovation Group consisting of local 15 big wholesalers, including Geoyoung and Dongwon, said on July 20 that it will fully support the resolution of the Korea Drug Wholesaler Association (KDWA)
The group claim...
Drugmakers’ lukewarm response angers wholesalers
Pharmaceutical wholesalers have argued that the unified distribution system should be further extended, but they feel alienated from the Korea Pharmaceutical Manufacturers Association (KPMA)’s cold shoulder.
Their ...
Geoyoung builds nationwide distribution network
Geoyoung, a local pharmaceutical wholesaler, is able to use a nationwide distribution network, the first of its kind in Korea in the pharmaceutical sector.
The wholesaler took over Daedong Pharm, a leading wholesal...
Wholesalers recognize financial costs by 3%
The Korea Association of Pharmaceutical Wholesaler has recently decided to provide pharmacies with an official rebate in the form of financial costs depending on the money collection period.
Under the plan, wholesa...
Ominous sign for local wholesalers
Korean pharmaceutical wholesalers are facing serious challenges from their foreign rivals, who want to expand their presence in the domestic drug logistics business.
KyundongSa, being equipped with a large capital,...
Concerns growing over pharmacy’s wholesaling function
Many wholesalers feel threatened by the recent movement of large pharmacies to open the wholesaling business, as a signal to erode their revenue.
"We do not see ourselves competing with the pharmacists because the ...
Wholesalers, pharmacists at odds over back margin
A dispute is brewing between pharmaceutical wholesalers and pharmacists, after the government accepted the illegal back margin as a form of financial cost.
However, wholesalers are ostensibly opposed to the governm...
Kyungdong Pharm takes over Shinil Pharm
Insolvent Shinil Pharm said on June 4 that Kyungdong Pharm has signed a deal to take a controlling stake in the local wholesaling firm.
The deal will provide a big boost for the sales of Kyungdong in Chungju, accor...
Zuellig Pharma displeased at ex-president’s disclosure
Headquarters of Zuellig Pharma has expressed to Christian Stoeckling, ex-president of Zuellig Pharma Korea, over his remarks on April 30.
“We expressed our displeasure and will resort to legal action against Stoeck...
Tax dispute over Zuellig Pharma
A tax dispute over the overall management of Zuellig Pharma will develop into a court battle with Christian Stoeckling, ex-president of Zuellig Pharma Korea. He had worked for the company for five years.
In a recen...
