News About: Distribution
KFDA-certified drug logistics center opensA new drug logistics center opens, called Jamyung, has recently stated its operation in Cholla Province.
The 9.2 billion won center was first certified by the Korea Food and ...
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RMS Korea likely to take over leading wholesaling firms
Rumors are spreading that RMS Korea will acquire several wholesaling firms with 100 billion in sales throughout the countries, in an effort to expand its presence in the domestic wholesaling industry.
Sources say w...
Pharmaceutical firms mull ‘no incentive, no gifts’ over OTC products
A number of pharmaceutical companies are considering stopping any incentive or gifts to promote their OTC products from next year.
They believe that such promotional activities may violate the current law.
Most ...
Kyungdong to acquire financially troubled wholesaling firm
An official of Kyungdong Pharm, which has been controlled by a speculative foreign capital, confirmed on November 4 that it is seeking to take over an insolvent Inyang Pharm.
According to market sources, Kyungdong...
Drug wholesaling industry overshadowed by restructuring
Following the insolvency of Inyoung Pharm, a number of pharmaceutical firms are now moving to put small-and medium-sized wholesalers under the microscope for drastic restructuring.
The preemptive restructuring is t...
Suspicion growing over bankruptcy of local wholesaling firm
As a local wholesaling firm in Suwon went under on December 1, there is mounting suspicion that RMS Korea, which has controlled by a speculative foreign fund, might be involved in the bankruptcy.
Last October, RMS ...
Zuellig Korea vows to cooperate with associate wholesalers
Zuellig Korea will be more active in concreting mutual relationship with its associate wholesalers, it was announced on November 19.
The decision came during a brief session with some of associate wholesalers in Os...
Drug makers, pharmacies to face off over OTC products
Controversy is expected to escalate between pharmaceutical firms and pharmacists over pharmaceutical firms' desire to sell over-the-counter products such as digestives and vitamins.
The government will push for a ...
Tension escalates between Samsung Mulsan, wholesalers
Care Camp, an affiliated company of Samsung Mulsan, said in its written reply that Samsung Mulsan is not interested in the local drug logistics business and it would continue to supply pharmaceuticals to Aju Hospital ...
Drug wholesalers oppose entry of Samsung Mulsan
Korean pharmaceutical wholesalers are jittery over Samsung Mulsan’s move to advance into the local drug logistic business, claiming that the conglomerate will likely encroach on domestic drug distribution market.
M...
