| 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 |
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.