Yoon Jae-seung, incumbent vice chairman of Daewoong Group, was named president of Daewoong Pharmaceutical Co. at its board of directors meeting on Thursday.
Yoon’s nomination reflects the company’s strong will to comply with the government-led cuts in drug prices in April.
The former CEO Yoon Jae-hoon will assume the presidency of Daewoong Group, according to the company.
Daewoong Pha...
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