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KPMA fined for fair trade violations

Published: 2013-02-05 07:00:00
Updated: 2013-02-05 07:00:00
The Korea Pharmaceutical Manufacturers Association (KPMA) has been fined for threatening sanctions on its member companies over their attempts to supply extremely low-priced drugs to five national hospitals under the Korea Veterans Health Service (KVHS).

KPMA was fined 500 million won and ordered to stop the illegal practice, the Fair Trade Commission (FTC) said Sunday.

The state fair tra...

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