News About: Distribution
M&A and logistic rationalization cause wholesale industry reformed.
It is well understood that the drug wholesale industry could achieve its high competitiveness only by means of the M&A among wholesalers and the enlargement of their structures through the logistic rationalization.
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Baekje Pharm opened Bundang branch office
Baekje Pharm said it established an additional branch office at Bundang and commenced the operation on September 16 as part of expanding the existing drug distribution network.
Thus, Baekje Pharm has a total of 13 ...
KGSP-accredited drug wholesalers top 1,088
Currently, 130 drug wholesalers are newly accredited as Korea Good Supply Practice (KGSP) system, since its mandatory enforcement from July 1 this year.
According to the tallies by the Korea Drug Wholesalers Associ...
45% market shares grabbed by 4 big wholesalers.
The top 4 leading drug wholesalers took about 45% shares of the total drug wholesale markets, which may accelerate other domestic drug wholesalers to get merged for the establishment of the nation wide sales net...
SPCU to operate e-trade service on October
A convenient service to allow both drug purchase and banking business via Internet can be soon introduced, the Seoul Pharmacist Credit Union (SPCU) said on September 9.
The SPCU said that in collaboration with A+Ph...
Large domestic distribution firm launched
Geo-Young, a new large holding company for drug distribution, inaugurated its launching ceremony on August 26 at Ritz Carlton Hotel for heralding more advanced drug distribution operations in Korea.
Chairman Lee He...
Large-sized drug distribution network launched
Gioyoung, a mammoth holding company intended for drug distribution network nationwide with 11 regional wholesalers as new shareholders, held a signing ceremony on August 20 and commenced its drug distribution operatio...
Zeullig and associated wholesalers in deep conflicts.
A foreign multinational drug wholesale company, Zuellig Korea, and its associated wholesalers were recently conflictive because of the problems caused by the squeezed rates of distribution margins and over pushing sal...
Drug-related distribution to be reformed
The MOHW intends to draft drug-related distribution reforms via e-commerce (helfline) promotion plans
The plans for the promotion of helfline were revealed at the August 8 meeting presided by Minister of Health an...
U.S. called for withdrawal of reference price system.
In the 3rd trade meeting between the U. S. and Korea from Aug. 7 to 8 in Seoul the American side requested for the implementation of the reference price system to withdraw in fear that the new system might cause a dra...
