Agreements reached under this partnership
Business alliance- 1
The Company will leverage its distribution network in Japan, including drugstores, for existing products held by KGC and products jointly developed by the two companies.
- 2
The parties will jointly plan and develop differentiated products that meet consumer needs, targeting growth markets in Japan centered on femcare and inner beauty.
- 3
The parties will establish a framework for considering joint research and regulatory approval applications in Japan for KGC’s high-value-added naturally derived ingredients, and explore their application to OTC medicines and related business opportunities.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
| Item | Details |
|---|---|
| Name of alliance partner | Korea Ginseng Corporation |
| Alliance partner's business activities | Research and development, cultivation management, manufacturing and processing, and domestic and international sales of health functional foods and beauty products centered on Korean ginseng (red ginseng) |
| Alliance partner's location | Daedeok-gu, Daejeon Metropolitan City, Republic of Korea |
| Alliance partner's capital | KRW 71.85 billion (approximately ¥7.8 billion) |
| Type of alliance | Business alliance |
| Details of the alliance | The Company will leverage its distribution network in Japan, including drugstores, for existing products held by KGC and products jointly developed by the two companies., The parties will jointly plan and develop differentiated products that meet consumer needs, targeting growth markets in Japan centered on femcare and inner beauty., The parties will establish a framework for considering joint research and regulatory approval applications in Japan for KGC’s high-value-added naturally derived ingredients, and explore their application to OTC medicines and related business opportunities. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The parties will leverage their respective strengths to plan and develop differentiated products that meet consumer needs in Japan’s health and beauty market, while exploring business opportunities including the use in Japan of Korea Ginseng Corporation’s naturally derived ingredients and their application to OTC medicines.