History
Dr. Tony Michell was responsible for the first wave of foreign investment in the 1990s as the Vice Chairman of Northern Development Consortium. He and Toni Hauswirth negotiated a JV during the early 2000s with NDC Pharmaceutical as the foreign partner. In February 2007, Hong Kong based Parazelsus Ltd., specialising in pharmaceuticals distribution, became the main shareholder of NDCP.
Read more about this topic: Pyongsu Joint Venture Company
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