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 equity capital of 500 million won and facility standards, and you can also utilize a consignment method where you entrust the entire warehousing and distribution management to a qualified company.
However, if you rush into signing an office lease, you are likely to get held up by the building's intended use. Since capital, sales office, warehouse, management pharmacist, and consignment contracts are interconnected requirements, determining the business type first and then coordinating the space and documents will ensure a smoother process.
The capital requirement for pharmaceutical wholesalers is 500 million won for general wholesalers.
General pharmaceutical wholesalers must have assets and equity of 500 million won or more.You must meet the requirements. This amount is not merely funds to be met on the registration application date, but is applied as a standard for maintaining operations throughout the course of business.
For business types limited to imported pharmaceuticals, reagents, and pharmaceutical raw materials, the threshold of 200 million won or more applies. Since the criteria vary depending on the items handled and the business type, you must design the structure by initially defining a broad corporate purpose and product range to ensure that the capital structure does not become mismatched later.
When applying as a corporation, the balance sheet and the business assessment report serve as the central documents demonstrating capital requirements. Since the business assessment evaluates the one-month average deposit balance and the source of funds, rather than short-term fund injection methods The actual equity structure reflected in the financial statementsis important.
Registering as a pharmaceutical wholesaler is not merely a process of meeting capital requirements; it involves establishing a comprehensive system for capital, sales offices, warehouses, and distribution management.
| division | Equity standard | Net floor area of directly operated warehouses | Operating method |
|---|---|---|---|
| General pharmaceutical wholesalers | 500 million won or more | 165㎡ or more | Direct warehousing or qualified consignment |
| Wholesalers specializing in imported pharmaceuticals, reagents, and pharmaceutical raw materials | 200 million won or more | 66㎡ or more | Direct warehousing or qualified consignment |
| Veterinary drug wholesalers | Application by business type | 33㎡ or more | Direct warehouse standards applied |
Pharmaceutical wholesale warehouses differ between direct operation and consignment methods.
If you operate a warehouse directly, you must have a net floor area and storage facilities suitable for the type of handling. Warehouse standards are set at 165㎡ or more for general wholesalers, 66㎡ or more for wholesalers of imported pharmaceuticals, reagents, and pharmaceutical raw materials, and 33㎡ or more for wholesalers of veterinary pharmaceuticals.
Directly operated warehouses require facilities to maintain and control temperature and humidity, cold storage and shading equipment, and devices to prevent rodents and pests. Separating returned items or defective medicines from normal inventory is also necessary. Isolation storage areaYou must also have it.
If you outsource all warehousing and distribution management tasks, you do not need to secure a separate in-house warehouse space. In this case, the consignee must be a specialized wholesaler equipped with logistics facilities having a net floor area of at least 800㎡ and certified as KGSP; additionally, in a structure where all tasks are outsourced, the method of not having a separate supervising pharmacist applies.
For pharmaceutical wholesale offices, you must first check the use listed in the building register.
A business office is not merely an address where desks and computers are placed. Since on-site inspections may be conducted during the registration process to verify that the space is being used as an actual workspace, the intended use and internal layout of the contracted unit must match the business details outlined in the documents.
In particular, in knowledge industry centers, the usage of each unit may vary even within the same building. The space designated as a factory facility is difficult to use as a pharmaceutical wholesale business office, it is safe to review units registered as neighborhood living facilities or office facilities among the support facilities.
If you operate different business types alongside your office, you must separate the workspaces. Rather than simply dividing desks or using movable partitions, a layout that clearly defines the actual purpose and division of the office is more suitable for on-site inspections.
Before signing a lease agreement, the correct procedure is to check the unit's intended use in the building register and inquire with the local public health center about eligible business types. This is significantly less burdensome than resolving the usage issue after the security deposit and interior renovation costs have been incurred.
The pharmaceutical wholesale registration documents and on-site inspection must be prepared together.
For a corporate application, the representative's health certificate, corporate diagnosis report, balance sheet, articles of incorporation, certificate of corporate registration, and corporate seal certificate form the basic framework. If it is a consignment model... Distribution Management Outsourcing AgreementIt cannot be left out either.
The registration application fee is set at 20,000 won, and the registration license tax at 40,500 won. However, the actual preparation costs are centered on corporate financial documents, lease of business premises, warehouse operation, or establishment of consignment systems rather than administrative fees.
Grounds for disqualification of representatives and executives must also be resolved early on. Persons under adult guardianship or limited guardianship, narcotic addicts, pharmacy owners, and medical institution owners may be grounds for restriction in relation to pharmaceutical wholesale business.
On-site, we inspect whether the sales office exists solely at the registered address and whether the office space is mixed with other uses. Therefore, rather than completing the corporate documents first and then rushing to find a space, it is more natural to prepare the office layout and contract documents within the same timeframe.
Pharmaceutical wholesale consignment costs are divided into a basic fee and a volume fee.
The consignment method is frequently considered as it can reduce the burden of initial warehouse investment and management personnel. Looking at the introduced cost structure, the basic monthly fee is around 300,000 to 500,000 won excluding VAT, while simple contracts with almost no transactions are negotiated at the level of 200,000 to 300,000 won per month.
The basic fee may include warehouse usage rights compliant with KGSP standards and inventory ledger registration. In addition, items that vary depending on the actual handling volume, such as storage, inbound/outbound, and delivery Variable logistics costsSince additional charges are added, you should not calculate the total cost based solely on the monthly basic fee.
Given that hiring a pharmacist directly incurs monthly labor costs of at least 3 million won, a consignment structure can be a realistic cost-effective option for businesses with low initial transaction volumes. Conversely, as the number of clients and volume increase, the cost structure varies depending on the frequency of shipments, the proportion of refrigerated items, and the delivery area.
Once you determine whether your business plan is for a general wholesale business or focuses on specific items, the direction for capital, warehousing, pharmacists, and consignment contracts can be sorted out at once.
First, organize the items to be handled and the scope of clients, and then align the proof of equity capital and the purpose of the business office. Afterward, compare whether a direct warehouse or consignment structure is best suited to your volume and operational staffing levels; moving on to the contract stage will ensure that your preparation sequence remains steady.
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