Jangdeok Nokyong Research Institute Officially Enters Nokyong Market... Signs Long-Term Supply Contract

Jangdeok Korean Medicine Hospital's Jangdeok Nokyong Research Institute and MyPay Kakao have signed a long-term supply contract. [Photo by Jangdeok Nokyong Research Institute]

[Asia Economy Reporter Lee Gwan-joo] Jangdeok Oriental Medicine Hospital's Jangdeok Nokyong Research Institute is making a full-scale entry into the health food market.

On the 15th, Jangdeok Nokyong Research Institute announced that it has signed a domestic distribution contract and a long-term supply contract with MyPayKakao, a domestic health food distribution specialist company.

According to this contract, products such as 'Jangdeok Nokyongcheong' and 'Chimhyang Nokyongdan (Chimhyang Gongjindan)', researched and developed by 10 oriental medicine doctors at Jangdeok Oriental Medicine Hospital, will be actively distributed in the market with an annual volume of 10,000 sets and a total of 120,000 sets over five years.

Jangdeok Nokyong Research Institute produces products through research by oriental medicine doctors at Jangdeok Oriental Medicine Hospital, a collaborative hospital of Western and Oriental medicine. They are producing Nokyongcheong and Chimhyang Nokyongdan using Altai deer antler from Russia as the main ingredient and are promoting market expansion.

Shin Kyung-ae, CEO of Jangdeok Nokyong Research Institute, said, "At a time when the importance of immunity is emerging worldwide after COVID-19, 10 oriental medicine doctors at Jangdeok Oriental Medicine Hospital have researched, developed, and launched Nokyongcheong and Chimhyang Gongjindan to help consumers enhance their immunity," adding, "We hope that through this long-term supply contract, these health products will be newly recognized by the domestic market and consumers and successfully settle in."

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