Reckless management, insufficient liquidity shakes Inyoung Pharm

The financial crisis has been mainly attributed to reckless management, snowballing deficit and bank’s refusal to extend more credit, according to Kim In-young, chairman of Inyoung Pharm.

In a meeting with Hwang Chi-yeop, chairman of the Korea Association of Pharmaceutical Wholesaler, Kim said that a long-time dealing financial institution had refused discounting of bills, dealing the most f...