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NEXT SCIENCE

nextscience.co.kr

Founded Year

1962

Stage

IPO | IPO

Date of IPO

3/23/1990

Market Cap

283.40B

About NEXT SCIENCE

NEXT SCIENCE (KRX: 003580) specializes in the extraction and supply of marine sand and minerals for applications in bio-cosmetics, fashion, and more.

Headquarters Location

17, Seohae-daero, Jung-gu

Incheon, 22342,

South Korea

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Expert Collections containing NEXT SCIENCE

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

NEXT SCIENCE is included in 1 Expert Collection, including Medical Devices.

M

Medical Devices

3,088 items

Companies that have been granted at least 1 510(k) by the FDA since 2014. Companies tagged as #FDA510(K)

Latest NEXT SCIENCE News

Korea's Dongwon taps purchase expert as tuna giant Starkist's CEO

Oct 31, 2022

Korea's Dongwon taps purchase expert as tuna giant Starkist's CEO  LG Electronics' former strategic purchase head Um will lead Starkist, one of the largest canned tuna firms in the US By Korea's Dongwon Group names Um Jae-woong the new CEO of Starkist, a leading US canned-tuna maker (Courtesy of Dongwon) Dongwon Group, a South Korean seafood and logistics conglomerate, announced on Monday that it has appointed Um Jae-woong, LG Electronics Inc.’s former strategic purchase head, as new CEO of its US-based canned tuna affiliate Starkist Co. Um will take office on Nov. 1. Starkist, one of the largest canned tuna producers in the US, is aiming to expand its product lines and grow as a general food company under Um’s leadership. The company makes up nearly 50% of the US canned tuna market and also sells processed chicken and salmon in the country and Latin America.       Um has experiences in sales and purchase of pharmaceutical products and electric appliances in Korea, the US, Australia and Singapore. He led global purchases in LG Electronics for 14 years since 2008. Prior to joining LG, he worked for biopharmaceutical giants Pfizer Inc. and Merck & Co. and tech conglomerate General Electric Co. He has graduated from United States Military Academy and served as an officer. Starkist expects him to bring new visions to the firm with his experiences, not in food but in other industries, the company’s official said. Dongwon Group acquired Starkist for $363 million in 2008, which was the largest deal by a Korean food company at the time. The canned tuna company is wholly owned by Dongwon Industries Ltd., a Korean seafood giant that will become the holding company of Dongwon Group on Nov. 1. Starkist posted 901.8 billion won ($631.7 million) in revenue and 105.7 billion won in net profit last year, with a slight fall from 1.08 trillion won in revenue and 120.4 billion won in net profit during 2020, according to Financial Supervisory Service. Its parent Dongwon Industries achieved 2.80 trillion won in revenue and 260.7 billion in net profit last year, also down from 2.86 trillion won in revenue and 306.5 billion in net profit during the previous year. Write to Kyeong-Je Han at hankyung@hankyung.com Jihyun Kim edited this article. 3 Min read 4 Min read 3 Min read 2 Min read

NEXT SCIENCE Frequently Asked Questions (FAQ)

  • When was NEXT SCIENCE founded?

    NEXT SCIENCE was founded in 1962.

  • Where is NEXT SCIENCE's headquarters?

    NEXT SCIENCE's headquarters is located at 17, Seohae-daero, Jung-gu, Incheon.

  • What is NEXT SCIENCE's latest funding round?

    NEXT SCIENCE's latest funding round is IPO.

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