Fake Viagra in South Korea

in Counterfeit Goods

The Seoul Metropolitan Police Agency broke up a criminal ring that was selling counterfeit erectile dysfunction drugs in the country. The ring would buy fake Viagra from producers in China for $0.06 (70 South Korean Won) per tablet.  They would then resell the counterfeit drugs to men in South Korea for $0.81 to $0.90 (900 to 1,000 Won) per tablet.

The price of legitimate Viagra made by Pfizer and sold at pharmacies in South Korea normally cost between $16.15 to $17.94 (18,000 Won to 20,000 Won) per tablet.

(Additional under the table and illegal income earnings.)

Source:  Yonhap, “Nine nabbed for smuggling fake Viagra from China,” Yonhap News, May 15, 2013.

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