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Alvogen Korea to have dominant say at Kunwha

Published: 2012-12-17 06:56:00
Updated: 2012-12-17 06:56:00
Alvogen Korea, a Korean unit of U.S.-based generic firm Alvogen, will have a dominant say in business decisions at Kunwha Pharma having with 60 billion won in sales, from now on.

A decision by shareholders of Kunwha Thursday sees Alvogen Korea represented by five seats on the Korean company’s seven-member board of directors plus a foreign auditor.

The American company bought a 50.5 perce...

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