Ildong Bioscience Awarded the '2 Million Dollar Export Tower' in Commemoration of Trade Day

by Byun Seonjin

Published 06 Dec.2023 10:22(KST)

Ildong Bioscience, a health functional food company under Ildong Group, announced on the 6th that it received the 'Export Tower' award at the commendation ceremony commemorating Trade Day. The Export Tower is an award given by the Korea International Trade Association and the Ministry of Trade, Industry and Energy to companies or organizations that have contributed to pioneering overseas markets, expanding exports, and creating jobs.

At this year's 60th commemorative event, Ildong Bioscience received the '2 Million Dollar Export Tower' following last year's '1 Million Dollar Export Tower.' Ildong Bioscience is a health functional food specialist company established in 2016 through a corporate spin-off, based on Ildong Pharmaceutical's proprietary technology and infrastructure related to probiotics, and is affiliated with Ildong Holdings.

Ildong Bioscience possesses various probiotic raw materials and strains developed in-house, as well as patented quadruple coating technology that enhances stability. Additionally, it has secured favorable conditions for global market entry, including ▲U.S. Food and Drug Administration (FDA) 'GRAS (Generally Recognized As Safe)' certification ▲Health Canada NHP (Natural Health Product) registration ▲Halal and Kosher certifications.

An official from Ildong Bioscience stated, “We plan to actively pioneer overseas markets through continuous research and development of diverse raw materials, products, and functional materials, as well as by discovering business partners and implementing localized strategies.”