Gyeongnam Korean Medicine Anti-Aging Research Institute, Leap Forward for Anti-Aging Industry Development

Herbal Crop Industrialization Support Center Scheduled for Completion by 2023

Aerial view of the Industrial Support Center.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] The Gyeongnam Oriental Medicine Anti-Aging Research Foundation is accelerating preparations for the development of the anti-aging industry in Gyeongnam.

First, it will take the lead in supporting promotion and marketing to expand domestic sales channels and strengthen capabilities for anti-aging companies in the province.

Starting this year, the research institute plans to expand support across all processes, including not only existing research and development (R&D) projects such as technical support for anti-aging companies, but also non-R&D projects such as promotion for market expansion, corporate capacity building, and follow-up management by establishing a corporate support team.

Detailed support projects include building a support website for anti-aging companies, supporting participation in exhibitions such as booth installation fees and promotional expenses to expand domestic sales channels, supporting the development of visual and packaging design for anti-aging products, follow-up management of technology transfer, and customized professional consulting to strengthen corporate capabilities.

In addition, it was selected for a public contest project by the Ministry of Agriculture, Food and Rural Affairs and will establish a Medicinal Crop Industrialization Support Center with a total of 6 billion KRW, 3 billion KRW each from national and provincial funds.

Research equipment and production facilities related to the medicinal crop industry will be designed starting this year and are planned to be completed in 2023.

It is expected to serve as a foothold for fostering the medicinal crop industry, including the development of high value-added products and education for start-up companies targeting anti-aging companies and farms.

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