Wholesalers protest drug makers’ demand over debt guarantee

The Korea Pharmaceutical Wholesaler Association (KPWA) on Tuesday lodged a protest against pharmaceutical firms’ demand to submit a joint surety statement in addition to a collateral, which is deemed an unfair business practice and an easy way for drug makers to manage risks.

KPWA’s protest came shortly after 20 drug firms requested local drug wholesalers to guarantee their debts through sub...