BioPort Korea Files Preliminary Review for KOSDAQ Listing

Bioport Korea, a food and beverage development company, has submitted a preliminary listing examination application to the Korea Exchange for listing on the KOSDAQ market.

Founded in 2004, Bioport Korea is a manufacturer of snacks and health functional foods. The company exports a variety of food and beverages, including room-temperature snack side dishes, yuzu ginger tea, and pouch drinks, to global markets such as the United States, Australia, and China. Through the purification of Schisandra chinensis extract, it has developed recognized raw materials for functional use and exclusively produces and supplies them to companies such as Chong Kun Dang Health, Kwangdong Pharmaceutical, and CheongKwanJang.

Since its establishment, Bioport Korea has maintained profitable management every year. Its sales revenue recorded 47.9 billion KRW in 2021, 60.5 billion KRW in 2022, and 68.7 billion KRW in 2023.

Major sales channels include Costco and large distributors in countries such as the United States, Canada, Mexico, Australia, Taiwan, Japan, China, the Philippines, and Thailand. As of 2023, sales were diversified with 21.3 billion KRW from snacks, 15.9 billion KRW from liquid tea, and 13.3 billion KRW from beverages, forming a stable sales structure.

In July of this year, Bioport Korea received additional recognition from the Ministry of Food and Drug Safety for the joint strengthening effect of Schisandra chinensis extract, a health functional food individual recognition raw material that was the world's first to be acknowledged for muscle strength improvement effects. With the ability to label the product as having dual functionality, the company is setting the standard in health functional foods related to muscle strength improvement.

In addition to Schisandra chinensis extract, Bioport Korea is researching and developing various new substances and new product pipelines, including Teolbuchoekkot extract, which has body fat reduction effects, and Eorinbaechu extract, which has respiratory improvement functionality.

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