Domestic pharmaceutical business emerging from slump

Local brokerages believe that the domestic pharmaceutical business conditions have begun to pick up after the fourth quarter of 2003, buoyed by positive signs of drug shipment index and drug retailer sales index.

According to a report released by Kim Hee-sung, an analyst from Hanyang Securities, the drug shipment index is expected to mark 7.8 percent this year, compared with 5.9 percent from...