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New fair trade code to be approved by FTC

Published: 2008-10-16 07:00:00
Updated: 2008-10-16 07:00:00
The Fair Trade Commission is likely to approve a new fair trade provision which was drafted by the Korea Pharmaceutical Manufacturers Association, according to a KPMA official.

The fair trade code contains more stringent and applicable regulations to effectively prevent undue rebate.

The FTC said it is scrutinizing foreign-invested pharmaceutical firms in relation to the illegal business ...

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