News About: Distribution


Lee Han-woo elected chairman of wholesalers association

Lee Han-woo has been elected as chairman of the Korea Association of Pharmaceutical Wholesaler on his pragmatic platforms to support mid-sized wholesaling firms. Lee was in a competition with Hwang Chi-yeop, the in...

Bausch & Lomb and Seokwang team up

Bausch & Lomb South Asia Holding Inc. and Seokwang Medical has agreed to forge a partnership to sharpen a competitive edge in the domestic market. Bausch & Lomb said that they have agreed on an exclusive distributi...

Han Sang-hoi reelected chairman of Seoul Wholesalers Association

Han Sang-hoe, an incumbent chairman of Seoul Wholesalers Association, has been reelected as SWE’s chairman, it was announced on January 20. Han was in a competition with Nam ...

Poongjeon named exclusive drug supplier for Chung-Ang Medical Center

Doosan Group, a Korean conglomerate, announced that Poongjeon Pharm will supply pharmaceuticals to Chung-Ang Medical Center from March. This move came as Doosan is working forward to improve efficiency in Chung-Ang...

Online drug sales booming

The on-line drug market being operated by Yaksan Pharm has been very successful as demonstrated by the fact that its sales of drugs through the Web site have been expanding rapidly since its inception last year. Th...

Boksan Pharm names new CEO

Boksan Pharm, which will mark its 57-year foundation this year, has appointed Sung Moon-kyung, its vice president, as new CEO of a pharmaceutical wholesaling firm. Boksan officials said Sung is credited with his le...

Sales of leading drug wholesalers up 10% this year

This year’s sales growth of the domestic large wholesalers achieving more than 200 billion won are expected to reach about 10 percent on average, according to data released by Yakup Shinmoon. Consolidated sales of ...

Leading wholesalers call for rooting out illicit practices

28 pharmaceutical wholesalers are rolling up their sleeves to stamp out their irregular business practices as the government plans to intensify its probe over illegal rebates. The Korea Association of Pharmaceutica...

Chong Kun Dang to face uphill battle in cold drink market

Chong Kun Dang Pharmaceutical will face an uphill battle in the domestic cold drink market to survive fierce competition with its rivals, including Dong-A Pharm. Chong Kun Dang has launched Penzal drink but restric...

Reckless management, insufficient liquidity shakes Inyoung Pharm

The financial crisis has been mainly attributed to reckless management, snowballing deficit and bank’s refusal to extend more credit, according to Kim In-young, chairman of Inyoung Pharm. In a meeting with Hwang Ch...

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