Korean Market Entry: Building New Opportunities using your GRAS, NDIN or Novel Food Foundation

Overview

The Korean market is extremely hot for new ingredients for both food as well as food supplements.  An approval with MFDS is also key in accessing other Asian Markets. There are also companies in Korea that are willing to co-invest to complete the clinical trials necessary for efficacy of your ingredient.  This webinar will provide an overview of the Korean Market, the process for approval with MFDS and how to leverage your existing GRAS, NDIN, or Novel Food foundation to achieve this registration. 

Objective

To provide an understanding of the Korean MFDS (Ministry of Food and Drug Safety) registration process for Health Functional Food Ingredients and how this differs from GRAS, NDIN in the US and Novel Food in UK and EU. 

• Introduction
• Korea’s functional food market: size and growth
• The Korean wave: gateway to Asia
• Case studies
• GRAS/NDIN vs MFDS individual recognition
• How to get started
• Q&A