Hungsong drug wholesaler bankrupted on Mar. 2.

Hungsong drug wholesaler located at Anam dong Sungbook-ku Seoul (President: Cho Hung-bok) bankrupted on March 2. The business operation closed and President Cho and other executive members ran away.

The OTC oriented wholesaler once defaulted their payment in July last year, and since then accumulated financing burdens and recent business difficulties after implementation of the new open pric...