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FTC slaps $32.2 mil. in fines on drug firms for bid-rigging

Korea s antitrust regulator said Thursday it has decided to slap combined fines of 40.7 billion won ($32.2 million) on 32 pharmaceutical companies involved in collusive practices in the government s procurement bids. ....

Boryung Biopharma , Fair Trade Commission Yonhap , Green Cross , Fair Trade Commission , Public Procurement Service , Trade Commission , South Korea , He Korea Times , Orea Times , Orean News In English ,

Questions remain over Dongwon's plans to buy McDonald's Korea, Boryung Biopharma

Dongwon Industries, the holding firm of Dongwon Group, signed a memorandum of understanding with Boryung Partners recently to acquire a controlling stake in Boryung Biopharma, which is estimated to be worth 500 billion won ($384 million). Once the acquisition deal is finished, Dongwon Group will be able to enter the biopharmaceutical industry for the first time in its 54-year history. ....

Kim Nam Jung , Kim Jae Chul , Boryung Biopharma , Dongwon Group Vice , Kim Nam Jung Courtesy Of Dongwon Group , Dongwon Group , Dongwon Industries , Dongwon Group Vice Chairman Kim Nam Jung , Group Vice Chairman Kim Nam Jung , Boryung Partners , Vice Chairman Kim Nam Jung , Chairman Kim , Dongwon Enterprise , South Korea , He Korea Times , Orea Times , Orean News In English ,