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Korean drug makers still stuck in quagmire

Published: 2013-07-29 07:00:00
Updated: 2013-07-29 07:00:00
Korean pharmaceutical companies are feeling pains from all sides. Relying too much on selling cheap generic drugs instead of developing original drugs, they lack competitiveness to take on global players.

On its part, the government forced the languishing domestic drug makers to substantially cut prices earlier last year, further chipping away at their bottom lines.

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