Consecutive Export Awards for TG Biotech:

‘$3M Export Tower’ on Trade Day and ‘$4M Export Tower’ at K-Food+ Ceremony

Daegu-based bio-venture company TG Biotech (CEO: Taerin Heo) has continued its winning streak by receiving consecutive national export honors, following its recent recognition as an Outstanding Star Company.

On December 5, TG Biotech was awarded the $3 Million Export Tower and a commendation from the Minister of Trade, Industry and Energy at the 61st Trade Day Ceremony. Shortly after, on December 18, the company received the $4 Million Export Tower at the 2nd K-Food+ Awards.

Prior to these achievements, TG Biotech had also been recognized with the Outstanding Star Company Award at an event held on November 28 at Daegu EXCO, in recognition of its contributions to the regional economy.

The Trade Day ceremony is jointly organized by the Korea International Trade Association (KITA) and the Ministry of Trade, Industry and Energy, while the K-Food+ Export Tower is presented by the Ministry of Agriculture, Food and Rural Affairs to companies that have significantly contributed to the expansion of agri-food exports and global market reach.

TG Biotech’s flagship product, Actiponin® (ethanol extract powder of Gynostemma pentaphyllum leaves), is a certified functional food ingredient known for its fat-reducing properties. Since its first overseas expansion in 2017, the company has consistently built a presence in global markets and gained further credibility after acquiring NDI (New Dietary Ingredient) approval from the U.S. FDA in 2023.

The product is currently exported to various countries including the United States, Poland, Thailand, Vietnam, Taiwan, and Malaysia, solidifying its competitiveness in the global health supplement industry.

CEO Taerin Heo stated,

“Based on our success in the U.S. market, we are accelerating our global expansion through participation in overseas exhibitions and strategic outreach. In the coming year, we aim to further expand into new and existing markets, with the goal of achieving the $10 Million Export Tower within the next five years.”

Original article (in Korean): https://www.imaeil.com/page/view/2024121915170948543