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.”
- 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
Two Australian start-ups are tackling food wastage in Australia. Australian Food News looks at th...
Researchers from University of Pacific in San Francisco in the United States, in collaboration with...
BWS is now selling a variety of wines packaged in cans across its Australian store network.
Woolworths is banning plastic bags in its New Zealand Countdown supermarket stores.
Aldi has recalled a range of hot dog rolls after metal shavings were found inside some of the rolls.
The Queensland Building and Construction Commission has warned those who have purchased Aldi tapware...
McDonald’s Australia has confirmed that it has achieved its goal of using cage-free eggs by the end ...
A brand concept that seeks to unite Indigenous cattle producers to grow and market their own meat un...