Insolvent Shinil Pharm said on June 4 that Kyungdong Pharm has signed a deal to take a controlling stake in the local wholesaling firm.
The deal will provide a big boost for the sales of Kyungdong in Chungju, according to a Kyungdong official.
Analysts said Kyundong could create synergy by using its retail distribution network to sell their products.
Kyungdong will set up its branch of...
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