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Korea Ginseng Corp. opens R&D center for future growth

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Her Chul-ho, sixth from left, CEO of Korea Ginseng Corp. (KGC), poses along with others during a tape-cutting ceremony to mark the opening of the company's R&D center in Gwacheon, Gyeonggi Province, Sept. 7. Courtesy of KGC
Her Chul-ho, sixth from left, CEO of Korea Ginseng Corp. (KGC), poses along with others during a tape-cutting ceremony to mark the opening of the company's R&D center in Gwacheon, Gyeonggi Province, Sept. 7. Courtesy of KGC

By Baek Byung-yeul

Korea Ginseng Corp. (KGC) opened an R&D center in Gwacheon, outer Seoul, to enhance its research capabilities and secure competitiveness in the fierce health and functional food market, the company said Wednesday.

KGC said the new R&D center, which covers 3,821 square meters and uses nine floors, will help improve the company's research capability as it features the latest research equipment. KGC held an opening ceremony on Sept. 7 to commemorate the new facility.

"With the expansion and relocation of our Gwacheon R&D center, we have expanded our infrastructure and increased efficiency. We expect the facility will serve as a key base for new leaps through research and development innovation based on our world-leading ginseng and red ginseng technology," Hur Chul-ho, CEO of KGC, said at the opening ceremony.

KGC employees pose during an opening ceremony of KGC's R&D center in Gwacheon, Gyeonggi Province, Sept. 7. Courtesy of KGC
KGC employees pose during an opening ceremony of KGC's R&D center in Gwacheon, Gyeonggi Province, Sept. 7. Courtesy of KGC

During the ceremony, the company also released a video for its red ginseng-related products brand Jung Kwan Jang. The video introduced KGC's vision and philosophy of delivering natural benefits from fertile soil for the health of consumers.

KGC said the new R&D center will conduct research, analysis and product development on red ginseng as well as other globally popular ingredients.

The facility will also collaborate with the company's overseas R&D centers in China and the U.S., as well as major research institutes at home and abroad, KGC said. Through this process, the company plans to leap from the world's No. 1 red ginseng research company to a global health functional food research player.

The R&D center will also serve as a promotional center where visitors can learn more about the company by exhibiting the process of how its products are made, KGC added.


Baek Byung-yeul baekby@koreatimes.co.kr


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