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Korean companies struggling to find new growth engines
Published: 2012-10-26 06:59:00
Updated: 2012-10-26 06:59:00
The government’s forced price cuts for drugs and other medical products covered by National Health Insurance in April has dealt a blow to local pharmaceutical firms.
To cope with a host of unfavorable business conditions, drug makers are scrambling to find new growth engines.
A survey of 35 Korean drug firms conducted by the Korea New Drug Association showed that SK Chemicals has conducte...
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