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Pharmacies struggle to beat competition
Pharmacies are struggling to stay afloat as they are losing money due to cutthroat competition in the industry.
Currently, retail conglomerates CJ, GS and Kolon have invested in drugstores and as a result, the number of drugstores in Korea has exploded. Some market insiders expect the industry could reach 700 billion won by 2014.
Under such circumstances, small pharmacies are willing to j...
Currently, retail conglomerates CJ, GS and Kolon have invested in drugstores and as a result, the number of drugstores in Korea has exploded. Some market insiders expect the industry could reach 700 billion won by 2014.
Under such circumstances, small pharmacies are willing to j...
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