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Geo-Young Group
HistoryUtilizing its robust pharmaceutical distribution capabilities and widespread logistics network, Geo-Young is embracing new challenges within diverse business domains
Building
a Strong
Business
Foundation
- 2015Rollout of the next-generation internal Management Information System(MIS), Geo-Net Plus
- 2013.12Achieved the milestone of becoming the first pharma distributor to attain 1 trillion Korean Won in revenue
- 2013.01Headquarters relocation to a newly constructed office building in Yeonhee Dong
- 2003.03Introduction of GeoNet, an internal Management Information System (MIS)
- 2002.11Launch of Bucheon distribution center
- 2002.05Geo-Young established
Strengthening Logistics Capabilities
- 2021.04Opening of the 2nd hub center in Cheonan, expanding 3PL/4PL business and enabling
2-3times per day deliveries - 2013.08Launch of the Bookbu distribution center
- 2009.06Launch of the Joongbu distribution center
- 2008.04Launch of the Gangnam distribution center
- 2007.02Inauguration of the first hub center in Incheon, enabling 2-3 times per day deliveries
- 2004.07Launch of Gangbuk and Gyeonggi distribution centers
Expanding National Distribution Network
- 2023.07Acquisition of a Stake in Baekje Pharma (the second largest pharmaceutical distributor in Korea), resulting in becoming the second largest shareholder of the company)
- 2020.12Establishment of Gyeongdong Geo-Young through the acquisition of Gyeongdong Pharma (strengthening the Chungcheong region)
- 2019.08Establishment of Nambu Geo-Young through the acquisition of Samil Pharma (strengthening the Honam region)
- 2014.07Formation of Jeju Geo-Young (covering the Jeju Region)
- 2010.06Establishment of Dajeon Geo-Young through the acquisition of Daedong Pharma (covering the Chungcheong region)
- 2010.04Establishment of Honam Geo-Young through the acquisition of Jeonju Pharma (covering the Honam region)
- 2009.12Establishment of Yeongnam Geo-Young through the acquisition of Cheongshipja Pharma (covering the Yeongnam region)
- 2009.06Formation of Geo-Young Networks, separating sales and logistics within the operation
- 2006.06Establishment of Gangwon Geo-Young through the acquisition of Yonhap Pharmaceutical (covering the Gangwon region)
Business Diversification
Hospital GPO, Radiopharmaceuticals,
and Healthcare IT
- 2021.08Acquisition of DuchemBio (strengthening Radiopharmaceutical business)
- 2018.04Acquisition of 4CGate (strengthening Hospital IT business)
- 2017.10 Acquisition of NSSmart (entry into Hospital IT business)
- 2014.12 Acquisition of Cresoty (entry into Pharmacy IT business)
- 2014.06Acquisition of Carecamp (entry into Hospital GPO / Hospital GPO business)
