Hugel Receives '70 Million Dollar Export Tower' Award on Trade Day... "Will Continue Global Expansion"

"Highest Export Amount Among Companies Located in Gangwon-do"

Hugel announced on the 15th that it received the '70 Million Dollar Export Tower' award in celebration of the 60th anniversary of Trade Day.

Hugel CEO Han Sun-ho (right) is taking a commemorative photo after receiving the '70 Million Dollar Export Tower' plaque from Kim Jin-tae, Governor of Gangwon Special Self-Governing Province. [Photo by Hugel]

The Export Tower is an award given by the Ministry of Trade, Industry and Energy and the Korea International Trade Association to companies that have contributed to Korea's international status and economic development over one year, from July of the previous year to June of the following year.

Among companies located in Gangwon Province that received the Export Tower, Hugel achieved the highest export volume. Accordingly, on the 14th, Hugel received a plaque from Kim Jin-tae, Governor of Gangwon Special Self-Governing Province, at the '7th Gangwon Exporters' Day' event hosted by the Korea International Trade Association Gangwon Regional Headquarters.

Hugel's flagship products, the botulinum toxin (BTX) 'Botulax' and hyaluronic acid (HA) filler 'The Chaeum,' continue to grow not only domestically but also in the global market. Botulax is sold and approved in over 60 countries worldwide. Notably, Hugel was the first domestic BTX company to launch products in China, Europe, and Australia. In Europe, Hugel has already entered major countries such as Germany, the United Kingdom, and France, and plans to expand its market to more than 30 countries in the near future. Sales are also expected to begin in Canada, where approval was obtained last year.

The Chaeum is also sold in over 40 countries worldwide. In the third quarter of this year, sales in Europe and the Asia-Pacific region recorded growth in the 20% range. Especially in Europe, it set a new record for the highest quarterly sales. Hugel has entered more than 20 European countries and has achieved an average annual growth rate of over 50% for the past three years.

Hugel plans to expand its sales network throughout Europe, including the Netherlands and Belgium, aiming to double its market share within three years. In Thailand, the initial shipment was completed on the 12th, and sales are expected to commence locally.

A Hugel representative said, "Hugel continues to expand its overseas export ratio and sets record-high sales every year. Notably, this Export Tower award was achieved excluding the performance of subsidiaries and overseas corporations," adding, "We will continue to strive for a leap to the global top tier based on differentiated product power and technological capabilities."

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