Find out the capital and warehouse standards required for pharmaceutical wholesale registration
When preparing to register as a pharmaceutical wholesaler, the first hurdles people face are whether a capital of 500 million won is absolutely necessary and whether they must secure a warehouse themselves. To start with the conclusion, the key requirements for a general pharmaceutical wholesaler are the 500 million won equity capital and facility standards; however, you can also utilize a consignment method where you entrust the entire warehousing and distribution management to a qualified company. That said, if you rush to sign an office lease, you are likely to get held up by building usage regulations. Capital, business office, warehouse, supervising pharmacist, and consignment contract… Read more