Orion Signs MOU with Foodnamu... "Joint Development of Protein Products and Expansion of Sales Channels"

Lee Seung-jun, CEO of Orion (left), and Kim Young-moon, CEO of Foodnamu, are signing a business agreement for joint development of protein products and expansion of sales channels. Photo by Orion

[Asia Economy Reporter Song Seung-yoon] Orion announced on the 19th that it has signed a "business agreement for joint development of protein products and expansion of sales channels" with Foodnamu, the operator of the healthy convenience food platform 'Ranking Dakcom'.

Through this agreement, Orion plans to combine its research and development capabilities and manufacturing technology with Foodnamu's chicken processing know-how to jointly develop differentiated protein products with nutrition and functionality. They also plan to actively cooperate in expanding domestic and international online and offline sales channels. The two companies held the signing ceremony at Orion's headquarters in Yongsan-gu, Seoul, the day before. The ceremony was attended by Lee Seung-jun, CEO of Orion, Kim Young-moon, CEO of Foodnamu, and other officials.

Since 2019, Orion has built a lineup of protein products that can be easily consumed under the 'Dr.You' brand. Following protein bars, protein drinks, and protein balls, they recently launched the 'Dr.You PRO (bar, drink, powder)' lineup for those who specialize in exercise. Foodnamu is the first food tech company in Korea to be listed on KOSDAQ and operates 'Ranking Dakcom,' a chicken breast specialty platform with 2.3 million members.

An Orion official said, "We expect synergy from the meeting of the Dr.You brand, which pursues delicious health, and Foodnamu, which has strengths in the online platform sector of healthy convenience foods," adding, "We will strengthen market leadership by developing differentiated protein products utilizing the strengths of both companies."

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