Skip Navigation

LG Household&Health Care Acquire Yunjin Pharm Drink Business Unit

News provided by LG Household & Health Care Ltd.
October 16, 2013 16:08 KST

SEOUL--(Korea Newswire) October 16, 2013 -- LG Household & Health Care Ltd. (‘LG H&H’, CEO: Suk Cha) and LG H&H’s subsidiary, Haitai Beverage Co., Ltd (‘Haitai Beverage’), will acquire the assets of pharmaceutical company, Yungjin Pharm Co., Ltd (‘Yungjin Pharm’)’s drink business unit at 14.1 billion won, for the expansion into the FoSHU (Foods for Specified Health Use) market.

Total acquisition price of Yungjin Pharm’s drink business unit is set at 14.1 billion won: Haitai Beverage will acquire 7.1 billion won of property, plant and equipment (PP&E) and inventory required for production and sales, and LG H&H will acquire 7.0 billion of intellectual property rights including the trade mark.

The acquisition is LG H&H’s strategic decision to respond to the FoSHU market, the market continuously growing with increased consumer health awareness, and to expand the current beverage business.

Through the acquisition, LG H&H will enter into approx. 800 billion won FoSHU market with products including energy drink, red ginseng extract drink, hangover cure drink, diet drink, and beauty drink, and will further strengthen its position in the beverage market.

The major products of Yungjin Pharm drink business unit include ‘Yungjin Glonsan Vermont’, ‘Vita-C Gold’, ‘Red Ginseng Extract’, ‘Q10’, etc.

Contact

LG Household&Health
+82-2-6924-6194

This is a news release distributed by Korea Newswire on behalf of this company . Learn more

Share this News Release

Contact

LG Household&Health
+82-2-6924-6194

Distribute Your News to South Korea

Korea Newswire distributes your news across every media channels through the industry’s largest press release distribution network
  • 28,000journalists
  • 4,000media outlets
  • 230industry fields
  • 55,000subscribers
Learn more