“It is shocking and painful to watch Yulin Pharm’s bankruptcy and Hanmi Pharm’s KRW 35.7 billion collection”

On the first day of September, as hearing news about bankruptcy of Yulin Pharm and Hanmi Pharm’s collection worth of KRW 35.7 billion, the pharmaceutical industry has expressed shocking, frustration and painfulness.

Yulin Pharm, located in Dongdaemun-gu, were finally defaulted as unable to pay a promissory note issued by the company’s bank on the 1^st. Although Pohang Yungseng Pharm and DS Phar...