Business · Companies · 2 hrs ago

South Korean drugmakers expand food products using familiar brands

South Korean drugmakers expand food products using familiar brands

South Korean drugmakers are turning familiar brands into food and drinks to grow businesses beyond medicines.

Dongwha Pharm has added sugar-free plum and lemon-lime sodas under its Hwalmyungsoo brand.

It is also preparing a US launch for Hwalmyungsoo-based K.O.D, which will be sold there as a food product.

Dong-A Pharmaceutical has expanded its Bacchus brand into an energy drink and two jelly products, while Kwangdong Pharmaceutical is widening where its products are sold.

These moves include more products and broader retail distribution, including partnerships with food franchises and wellness retailers.

The companies are seeking everyday customers and overseas buyers, and the industry expects more drugmakers to expand into food.

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What people are saying

Industry officialUnnamed pharmaceutical industry source
Food is an attractive market because it is consumed frequently in everyday life and can be expanded into a variety of products.
via Yonhap
The pharmaceutical industry's moves to expand related businesses are expected to continue.
via Yonhap