FTC, health ministry criticized for lax supervision of predatory pricing

Published: 2013-02-05 06:58:00

Updated: 2013-02-05 06:58:00

The state fair trade regulator and the Ministry of Health and Welfare (MOHW) were under criticism for their apparently negligent supervision of the pharmaceutical industry as evidence of predatory pricing scheme by drug wholesalers was revealed by the Fair Trade Commission (FTC).

Last Sunday, the Korea Pharmaceutical Manufacturers Association (KPMA) was reprimanded by the FTC with a fine amo...

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