Concerns mounting over deepened market convergence of Zuellig Korea

Industry sources say there is anecdotal evidence showing that domestic wholesalers are facing less margins with the current market convergence of Zuellig Korea, pressing many small wholesalers to shut down their business operation or declare insolvency.

In the midst of wholesalers' re-agreement with Zuellig, lower margin and foreign-invested firms' outsourcing toward Zuellig, some quarters a...