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A Travel Report of BTC, Accelerating Corporate Growth through the Korea National Food Cluster!

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This past October 5th, the Korea National Food Cluster welcomed Bionics To the Core Co., Ltd. (BTC) to the fold, and the time has come to introduce the cluster’s new family member. As the 5th domestic corporation to sign a land allocation contract with the cluster, BTC joins Harim, WonKwang Pharm, Joun Health, and AZ System as a local corporation within  the Korea National Food Cluster.  Founded in 2006, BTC specializes in the production of health functional food materials such as fermented red ginseng, omega-3, and enzymatically modified green tea extract. The company possesses patents related to fermented red ginseng and green tea polysaccharides, and is constantly supplying the domestic market as well as exporting overseas to the US, Australia, etc., making it a small-and-medium food enterprise with much potential for growth.  The term ‘food material production’ may be somewhat difficult to understand. Simply put, the company creates the raw materials for various health foods such as the red ginseng liquid and red ginseng extract that are commonly found in markets. The raw materials produced by BTC are used to make over 200 types of completed products. Isn’t that amazing?  CEO Kim Tae Yeong of BTC gave his thoughts on the move-in, revealing that “BTC has been interested in the Korea National Food Cluster since 3 years ago for the sake of enhancing our R&D capabilities and establishing more production lines. As such, we have consistently participated in investment discussions and the like. Though we had our own technical skills, we produced products using the OEM method. However, we constructed new factories to make active use of the Korea National Food Cluster’s corporate support facilities, such as the Functional Food Evaluation Center, the Food Quality and Safety Center, and the Food Packaging Center, and signed a land allocation contract in order to rise as a mid-sized health functional food production company.”  After confirming the moveinto the Korea National Food Cluster, BTC received attention from the domestic and international press, which resulted in a visit from the Singaporean press corps a short while back. Editor Denice Cabel of ‘Asia Food Journal’ intended to introduce both the Korean National Food Cluster project and BTC. Here are the main contents of the interview in a handy Q&A format.

Q : What are the recent trends of BTC?
A : We focus on biological development to raise the biosorption rate. In particular, we believe that we can earn more trust and faith from consumers by extracting, refining, and separating natural ingredients through raw materials. Recently, demand for health functional foods is increasing. To work alongside these market trends, BTC is also constantly doing R&D regarding the raw materials of health functional foods.

Q : Which country do you currently see the most profits in?
A : As of now, we are making the biggest profits in Korea. We are currently visiting local corporations in the US often in order to prepare for our entry into the country. Furthermore, we are thinking of entering the European market in 2016. I hope that our company will grow into a corporation capable of reaching overseas through the food cluster.

Q : Many corporations are set to move into the food cluster. Have you thought about protecting your trade secrets or research secrets?
A : Our field is protected by patents, and I do not think there will be any major issues as each corporation is focusing on a different field of research. However, as there are overlaps in the use of factory facilities, I do believe that the food cluster should prepare countermeasures regarding the matter.

Q : Where there any difficulties in implementing the land allocation signing process?
A : There were no particular problems during the contract signing process. I think that problems always arise from issues in communication. If the food cluster and BTC had only argued for their own cases, then we might have encountered major problems. I think that we will be able to solve any future issues easily as well if both sides are able to communicate smoothly.

Q : What do you think can be gained by building a facility in the Korea National Food Cluster?
A : As of now, I can’t accurately estimate what sort of gains there will be. However, by visiting Netherland’s Food Valley, I saw the many advantages offered by a food cluster. As such, I came to think that having a food cluster in Korea would also have plenty of potential, and decided to allocate a factory.

The  interview between CEO Kim Tae Yeong of BTC and editor Denice Cabel continued for over 1 hour in a pleasant atmosphere.  We hope that BTC can make use of the Korea National Food Cluster’s R&D support facilities to become a health functional food corporation that reaches out to the rest of the world~!

 

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