The pharmaceutical distribution company GeoYoung announced that it will actively pursue changes to respond to domestic and international crises.
Chosun-hye GeoYoung chairman said at the 23rd anniversary ceremony held at the headquarters in Yeonhui-dong, Seodaemun-gu, Seoul, on the 1st, "The global economy is facing a multifaceted crisis with high interest rates, tariffs, and supply chain instability," and noted, "The domestic pharmaceutical distribution environment is also shaking the balance of the existing ecosystem from the foundation due to the expansion of direct sales by pharmaceutical companies and changes in distribution margin structure."
GeoYoung is the number one pharmaceutical distribution corporation in Korea. Since its establishment in 2002, it has specialized by separating sales and logistics and was the first in the industry to introduce a two-delivery system per day. Last year, it recorded a maximum performance in its history with sales of 4.67 trillion won on a consolidation basis.
Chairman Chosun-hye stated, "Proving the strength of GeoYoung by surpassing 4 trillion won for three consecutive years, all these achievements are thanks to the dedication of our employees who have not stopped 'challenging differently from yesterday' and 'innovating differently from others.'"
He said, "What is more important than the results in front of us is a strategic shift that looks to the future, and what is needed now is bold change that changes the fundamentals, not short-term responses." Chairman Chosun-hye proposed three key tasks for overcoming the crisis: bold execution that breaks the mold, strengthening basic capabilities, and maximizing teamwork.