Amway Vice President Catherine Ehrenberger, fifth fro left, and Vice President Robin Dykhouse, seventh from left, pose with Korea Health Industry Development Institute President Kim Bap-wan, third from left, and Foundation of Agriculture Tech Commercialization & Transfer head Jeon Un-seong, sixth from left, after signing a three-way memorandum of understanding on globalizing Korean technologies to develop product at Grand InterContinential Seoul Tuesday. Also posing are Amway Korea CEO Park Se-joon, forth from left, and American Chambler of Commerce in Korea President Army Jackson, right I choose this article because it shows how the world is changing. Korea is become a high-technology country in the world. Korea has more ability to produce new technology products, so Korea became a credible country. This article has many interesting point to shows how well Korea is doing. This news also remind every countries about how important of the technologies. Technologies make every people go hi-tech and make our life easy, which everyone want to follow its without suspicion. Amway is one of the famous company that have a great quanlity product, food and cosmetics.
Amway is one of the biggest direct selling in the world, coming with their two products which are foods and cosmetics that working beyond innovation project on 2012. The US-based company signed a memorandum of understanding (MOU) on Tuesday with the state-run Korea Health Industry Development Institute and the Foundation of Agriculture Tech Commercialization & Transfer. Catherine Ehrenberger and Robin Dykhouse, said that Amway choose Korea as the first country for the ambitious project in deliberation of the country's powerful scientific communities and respect of intellectual property rights. "Presently, we are checking on the possibility of commercialization with some Korea technologies for example, skin improvement technology, weight management technologies, woman's health relating technology and stem cell platform technology for health functional food, cosmetic and skin devices," they said. We are targeting more than two products in three years and we expect $60 millions per year at the maximum. The two seniors officials accurately known that Korea is ample in leading-edge technologies thanks for the increase of venture start-ups under the previous Kim Dae-jung administration. "It is a big business at the end of 1990s in Korea and many technologies have been improved from that time. Essentially, they are nearly complete now, " they said. However, the present Korea market is not enough to respond the customers. For this reason, many small R&D companies have been bankrupted even though they have a great qualities. The Open Innovation Project is a big point for U.S. companies in Asia's forth biggest economy as Amy Jackson, the president of the American Chamber of Commerce (AMCHAM) in Korea. "The MOU signing is a strong combination between Amway and government Amway investment in Korea support as an excellent model of cooperation and success between foreign invested companies and Korean companies," he said. The AMCHAM is very happy for MOU signing event. We praise such efforts and we embolden other companies to follow this sample. This is not the first time for Amway to do this investment in Korea as a world big opened its Asian logistic hub in Busan. The Amway Asia Logistics hub is the company's third distribution center following its head office in Ada, Michigan and its European center located in the Netherlands The Busan hub is manage to handle an annual volume of 8,000 TUE, or twenty-foot equivalent units, of cargo. This number approximately 1 trillion won ( $843 million ) worth of cargo. More infomation
http://www.koreatimes.co.kr/www/news/biz/2010/06/123_68168.html
After I read this news, I appreciate that Korea made a lot of progress in last few years. Not only Korea improves at high-technology but also entertainment, policy, and transportation. To sum up, Korea are good at foods and health products which there government loves to support this. Unlike some contries make too much effort on transportation. Korea now can be the good role model for other countries. This news make me know that every countries pay attention about this progress. korea is a good example country that every devoloping country should learn and follow their good steps.
Amway is one of the biggest direct selling in the world, coming with their two products which are foods and cosmetics that working beyond innovation project on 2012. The US-based company signed a memorandum of understanding (MOU) on Tuesday with the state-run Korea Health Industry Development Institute and the Foundation of Agriculture Tech Commercialization & Transfer. Catherine Ehrenberger and Robin Dykhouse, said that Amway choose Korea as the first country for the ambitious project in deliberation of the country's powerful scientific communities and respect of intellectual property rights. "Presently, we are checking on the possibility of commercialization with some Korea technologies for example, skin improvement technology, weight management technologies, woman's health relating technology and stem cell platform technology for health functional food, cosmetic and skin devices," they said. We are targeting more than two products in three years and we expect $60 millions per year at the maximum. The two seniors officials accurately known that Korea is ample in leading-edge technologies thanks for the increase of venture start-ups under the previous Kim Dae-jung administration. "It is a big business at the end of 1990s in Korea and many technologies have been improved from that time. Essentially, they are nearly complete now, " they said. However, the present Korea market is not enough to respond the customers. For this reason, many small R&D companies have been bankrupted even though they have a great qualities. The Open Innovation Project is a big point for U.S. companies in Asia's forth biggest economy as Amy Jackson, the president of the American Chamber of Commerce (AMCHAM) in Korea. "The MOU signing is a strong combination between Amway and government Amway investment in Korea support as an excellent model of cooperation and success between foreign invested companies and Korean companies," he said. The AMCHAM is very happy for MOU signing event. We praise such efforts and we embolden other companies to follow this sample. This is not the first time for Amway to do this investment in Korea as a world big opened its Asian logistic hub in Busan. The Amway Asia Logistics hub is the company's third distribution center following its head office in Ada, Michigan and its European center located in the Netherlands The Busan hub is manage to handle an annual volume of 8,000 TUE, or twenty-foot equivalent units, of cargo. This number approximately 1 trillion won ( $843 million ) worth of cargo. More infomation
http://www.koreatimes.co.kr/www/news/biz/2010/06/123_68168.html
After I read this news, I appreciate that Korea made a lot of progress in last few years. Not only Korea improves at high-technology but also entertainment, policy, and transportation. To sum up, Korea are good at foods and health products which there government loves to support this. Unlike some contries make too much effort on transportation. Korea now can be the good role model for other countries. This news make me know that every countries pay attention about this progress. korea is a good example country that every devoloping country should learn and follow their good steps.
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