News About: Distribution
Wholesalers to observe fair trade law
The Korean Association of Pharmaceutical Wholesaler (KAPW) has declared the launch of a compliance program for fair trade, while promoting their business through competition rather than irregular business practices, s...
Wholesalers speeding up M&A moves
Domestic wholesalers have been speeding up their M&A moves as part of their efforts to beef up competitiveness.
Industry analysts have interpreted the change of business structures via mergers and acquisitions betw...
Enforcement regulations of facility standard decree to be withheld
The facility standard decree stimulating the matter to regulate the minimum warehouse space of drug wholesalers by 800 m2 was promulgated on December 6, but its implementation is to be withheld for the time being beca...
Drug wholesalers to face margin cut
Some pharmaceutical firms' movement to slash a small percentage of wholesaler margin may cast a shadow over the wholesaler's overall management, according to pharmaceutical sources.
In fact, the local pharmaceutica...
Groundless bankruptcy speculation haunts drug wholesalers
Ceaseless rumors have spread that some drug wholesalers face bankruptcy as the year-end is now approaching, perplexing the entire wholesaling industry, according to sources.
The groundless bankruptcy issues have we...
Wholesalers alert over foreign takeover
Drug wholesalers are abuzz on the recent foreign fund's takeover of RMS Korea whose ex-management sought to draw a huge amount of investment in the first half of this year.
RMS Korea is a renowned wholesaling compa...
Local wholesalers to face suspension of antibiotics business
The local wholesalers have seen their antibiotic base at private hospitals collapse in recent years due to the government's massive price cut by 30 to 50 percent, according to pharmaceutical sources.
Steeply fallin...
4 wholesalers to promote joint delivery
Seoul- and Kyun-based drug wholesalers, such as Myungsung, Paikkwang, Sungil and Seshin, will begin their joint drug delivery from November 13 to step up their service for pharmacies.
The individual four wholesaler...
Zuellig Korea joins KRPIA
Zuellig Korea has become a semi-member of the Korean Research-based Pharmaceutical Industry Association (KRPIA), according to pharmaceutical business sources.
The company has been criticized for its stringent margi...
Gioyoung, Withpharm are likely to announce merger agreement soon
Gioyoung Group, which owns nine wholesalers, plans to announce the signing of a definitive merger agreement with Withpharm (three firms) within this week at the latest, after completion of their diligence, according t...
