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Pharmaceutical sector to face restructuring in employment

Published: 2011-10-25 06:56:00
Updated: 2011-10-25 06:56:00
The pharmaceutical industry is expected to undergo a serious downsizing next year as the government plans to defoam drug prices.

The Korea Pharmaceutical Manufacturers Association (KPMA) predicted that the government’s plan to cut drug prices by an average of 17 percent starting next year would reduce the industry’s annual sales revenue by 2.1 trillion won.

The report said that a revenue ...

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