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Sliding value of won set to deal setback to pharmaceutical industry
Published: 2008-10-17 06:57:00
Updated: 2008-10-17 06:57:00
The sudden fall of the Korean won against the U.S. dollar is posing a threat to the domestic pharmaceutical industry.
Drug makers are increasingly concerned about the won's weakness as the won’s rapid depreciation will undoubtedly raise the prices of pharmaceutical raw materials and then eventually lead to consumer price hikes.
“We are at a mess on how to draft next’s business plan the lo...
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