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.”
Related articles
- Synlait receives Chinese import registration for A2 infant formula
- A2 Milk guarantees infant formula supply to Australian parents
- A2 Milk Company and Fonterra enter into strategic alliance
The Australian Competition and Consumer Commission (ACCC) says the contracts between Carlton United ...
Treasury Wine Estates has reported successful first half 2018 financial year results including $187....
Food Standards Australia New Zealand (FSANZ) will now permit the sale of low-THC hemp seed products ...
Supermarket wholesaler, Metcash, is attempting to revive its food and grocery profits by appealing t...
Unnecessarily avoiding gluten could be harming your heart says the authors behind a new study publis...
German discount supermarket Kaufland has begun the new year expanding its Australian business by adv...
Research is underway to help Australian farmers better understand Chinese customers’ needs for sorgh...
In a “world-first”, researchers from RMIT University in Melbourne and Lancaster University in the UK...