Yonsei Milk Signs Export Contract with Chinese Company

 

Will Ship 400 Billion Won of Products over next Decade

 

 

Yonsei Milk has signed a contract with Inner Mongolia Yili Industrial Group Co., Ltd to ship nearly 400 billion won worth of milk and dairy products to China over the next ten years. This is the largest dairy product export agreement in Korean history. Inner Mongolia Yili Industrial Group is Asia’s top dairy company, boasting sales of over 10 trillion won last year.

 

 

 

Yonsei Milk Corporate Director Yoonsu Baek said: “This contract is the result of Yonsei Milk’s 2014 decision to practice precision management and ethical management. For effective management, endeavors have been made to cut costs and improve the internal system. With this agreement, Yonsei Milk can reinvent itself as a globally competitive organization.”

 

Yonsei Milk is a nonprofit organization, with all of its profits going to support education at Yonsei. In particular, Yonsei Milk prides itself on promoting a healthy lifestyle and fostering future leaders. Its strict hygiene and controls ensure the high quality of its products. Because of this, it has built strong trust among both Korean and Chinese customers. Going forward, Yonsei Milk hopes to establish itself as a premium brand in China, while also diversifying its export products and expanding its markets.