A2 Milk Company expands into South Korea
The A2 Milk Company has entered into an agreement with a pharmaceutical company that will see its products available in South Korea.
The exclusive sales and distribution agreement is with Yuhan Corporation, a leading pharmaceutical company in South Korea with an annual revenue of approximately US $1.4 billion.
The A2 Milk Company said South Korea is an attractive market given its high level of dairy consumption per capita, “world-class” retailers and fast growing e-commerce channels.
Managing Director and CEO of The A2 Milk Company, Geoffrey Babidge, said Yuhan is a long established, highly credentialed business.
“We share similar values and ambitions, and with our complimentary capabilities believe that together we can build a meaningful business in Korea,” Babidge said.
President of Yuhan, Lee Junghee, said: “Aligning both our companies’ histories and values to promote growth through continuous research and innovation, Yuhan Corporation and The A2 Milk Company will together launch a range of dairy nutritional products with only the A2 beta casein protein type that Koreans can consume for their health and well-being.”
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