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Small pharmacies losing out to giants

Published: 2013-09-09 06:59:00
Updated: 2013-09-09 06:59:00
The number of drugstores operated by large retail groups is rapidly increasing, threatening small- and medium-sized pharmacies, according to Yakup.com, a pharmaceutical information provider.

Despite Korea’s short, 14-year history in the sector, Korean conglomerates have expanded their drugstore business rapidly. CJ Group first opened its Olive Young branch in Sinsa-dong, Seoul, in 1999 follo...

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