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Pharmaceutical shares boosted by new health minister’s appointment

Published: 2010-08-12 07:00:00
Updated: 2010-08-12 07:00:00
Shares of pharmaceutical firms were boosted on August 9 by expectations that Chin Soo-hee, nominee for health and welfare minister in the recent cabinet reshuffling, will be more market-oriented than her predecessor, Jeon Jae-hee.

LG Life Sciences shares rose 6.12 percent to 52,000 won on the Seoul bourse and Ildong Pharm jumped 1.96 percent to 39,050 won.

Stem cell stocks also rose as ne...

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