Downsizing to sweep foreign-invested pharmaceutical companies and distributors

Some of foreign-invested pharmaceutical and logistic companies are expected to be the next targets for downsizing this year.

Zuellig Pharma Korea plans to lay off 24 salespersons due to severing with local large wholesalers and non-delivery of OTC products.

Analysts also expect large-scale restructuring seems inevitable to offset worsening profitability in some multinational firms in Kore...