Pharmaceutical firms’ governance grades upgraded

The Korea Corporate Governance Service (KCGS), a local rating agency, said that among 645 corporations whose shares are listed on the Korea Stock Exchange, five pharmaceutical firms – Dong-A Pharm, LG Life Sciences, SK Chemicals, Ilyang Pharm and Daewon Pharm - received the grade “good” in their corporate governance rating in 2009.

The agency said the grade of “fair” was given to 10 companie...