New Tri-Party Initiative Launches to Accelerate Cultivated Meat in South Korea Ahead of 2025 Market Launch

The Good Food Institute APAC, the Korea Biotechnology Industry Organization, and the Bio-based Future Food Industry Committee have come together in a tri-party initiative to accelerate cultivated meat in South Korea ahead of its expected market launch in 2025. Through a memorandum of understanding, the organizations aim to boost market research, technical knowledge exchange, policy coordination, and educational initiatives related to novel proteins. This partnership is crucial for the future food supply system and aims to facilitate the expansion of novel foods in the country.

South Korea's government has been implementing various policy actions to support cellular agriculture innovations, including the launch of industry support centers and regulatory-free zones for startups. The partnership between GFI APAC, KoreaBIO, and BFFIC underscores the importance of global cooperation in advancing the industrialization of novel foods, such as cultivated meat. By fostering connections within the bioindustry and supporting the growth of related companies, the initiative aims to create a domestic industrial ecosystem in line with global trends and enable Korean companies involved in novel foods to successfully expand their business globally.