News About: Distribution
KFDA to nurture domestic wholesaling business
The Korea Food and Administration said on May 13 that it would work out measures to support domestic wholesalers and minimize possible damage to the industry from foreign enterprises.
“We will set up various polici...
Zuellig’s unfair contract provision reignites controversy
The unfair contract terms between Zuellig Pharma Korea (ZPK) and associate wholesalers have reignited criticism from the wholesaling industry.
According to Article 10 of the contract, it stipulates that associated ...
Drug wholesalers facing survival game
Worries have arisen in the domestic wholesaling industry that drug wholesalers might be lose its competitiveness in the midst of some foreign-invested pharmaceutical firms’ pressure to reduce the margin, shorten the t...
Geoyoung to concentrate on drug logistics business
Geoyoung Group plans to transform it into one of the largest logistics enterprises by separating its sales unit from its logistics businesses from next month.
To this end, Geoyoung has established a new corporation...
e-SCM system is emerging
Thanks to the Internet, supply chain management (SCM) now moves faster than ever before. The basic principles, however, are the same: optimize what you buy, when you buy it and where you buy or store it. Squeeze enoug...
Wholesalers to step up efforts against illegal foreign takeover bids
The Korean Association of Pharmaceutical Wholesaler (KAPW), a body representing interests of wholesalers, says that it will step up efforts to help protect management control of domestic firms from undue takeover bids...
Ursa supply price to rise by 10%
Daewoong Pharm says its flagship product Ursa will rise by 8 to 10 percent from next month due to pressure stemming from falling Korean currency and rising raw material costs.
"Our price was set when the exchange r...
Pharmaceutical wholesalers facing survival game
Many drug wholesalers have been spending a considerable amount of time taking up their market share with a “back-margin” policy, while foreign capitals have threatened to strengthen their presence in the local logisti...
Taekyung Pharm to merge with Geopharm
Geopharm group, a regional big wholesaler in Taegu, Taejeon and Kwangju, has merged with Taekyung Pharm in a form of capital increase by 2.5 billion won to the latter.
The amalgamation of the two entities will crea...
Lawmaker pushing legislation to impose more strict regulation of drug warehouse area
A ruling lawmaker plans to submit a bill aimed at determining the minimum drug warehouse area for wholesalers, according to sources on February 6.
The bill, drafted by Rep. Won Hee-mok, a first-time lawmaker with t...
