Danish probiotics major signs JV in Korea

By RJ Whitehead

- Last updated on GMT

Related tags European union Korea

Danish probiotics major signs JV in Korea
Biocare Copenhagen, a Danish probiotics company, will enter the Korean market through a partnership with local health food manufacturer and distributor Health Balance.

Biocare, which specialises in probiotics, dietary fibres, microbial lysates and medical devices, currently occupies roughly 62% of the danish pharmaceutical market and operates in some 35 countries.

Health Balance will introduce four Biocare products as its exclusive distributor, with more to be released in the future.

Trade between Denmark and Korea has expanded exponentially over the last couple of years​,” said Danish ambassador Thomas Lehmann at the launch of the joint-venture.

In the first half of this year, Danish exports to Korea grew by more than half compared to 2014, and on-year exports increased by 20%. More and more Danish companies are making use of a free-trade agreement between the European Union and Korea, Lehmann noted.

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