Mujucheonma Project Group Signs MOU with Geumsan Ginseng and Herbal Medicine Industry Promotion Agency

Joint Efforts for Commercialization, Business Development, and Diversification of 'Insam' and 'Cheonma' Products

[Muju=Asia Economy Honam Reporting Headquarters Reporter Kim Han-ho] Muju-gun announced on the 30th that the Muju Cheonma Project Group (Inc.) signed a business agreement (MOU) with the Geumsan Ginseng and Herbal Medicine Industry Promotion Agency (Foundation).

This agreement was made to commercialize materials and process technologies and diversify formulations.

Going forward, the two organizations will combine the Muju Cheonma Project Group's capabilities in developing Cheonma products with the Geumsan Ginseng and Herbal Medicine Industry Promotion Agency's raw material processing and materialization process technologies to jointly develop materials and products utilizing ginseng and Cheonma.

To this end, they plan to continue R&D cooperation related to research and development projects, material products, and formulation studies, joint use of facilities and equipment, and information sharing and mutual exchange on necessary technologies.

Yeohwanho, head of the Muju Cheonma Project Group (Inc.), said, "As the technologies and know-how of the two organizations come together, products containing the beneficial effects of Cheonma and ginseng will be produced," adding, "I hope today's business agreement will serve as an opportunity to enhance the specialized industrial capabilities of not only the two organizations but also the two regions of Muju and Geumsan."

Kim Young-soo, director of the Geumsan Ginseng and Herbal Medicine Industry Promotion Agency (Foundation), stated, "The convergence and fusion with Cheonma is expected to increase the intrinsic added value of ginseng while also expanding potential consumers," and added, "We will focus on developing sleep-inducing products utilizing stress relief and anti-inflammatory activities."

Muju=Honam Reporting Headquarters Reporter Kim Han-ho stonepeak@asiae.co.kr

This content was produced with the assistance of AI translation services.