Ÿnsect, an insect production company, signs a Memorandum of Understanding (MOU) with the Lotte R&D center, a Korean company in the Tech industry. The MOU was signed by Guillaume Daoulas, Ÿnsect Food & Plant Sales Director, in the presence of Cho Juhyeon, Korean Vice-Minister for SMEs and Startups, at the "France - Korea" event organized by French Tech and the French Embassy in Korea on April 26.
The agreement includes conducting joint research to develop insect-based food products, working together to increase knowledge of edible insects' health claims, and conducting and sharing surveys on "insects in human food" among consumers in Europe and South Korea. This partnership will enable Ÿnsect to accelerate its development in human food and expand its activity in Asia.
The MOU between Ÿnsect and the Lotte R&D center represents a significant milestone in the development of insect-based food products and highlights the importance of cooperation between France and Korea in the Tech industry.
"The signing of this MOU with the Lotte R&D center, the Korean leader, is a major step forward in Ynsect's development. We aim to accelerate our presence in high-value-added markets with natural, healthy, and sustainable ingredients. Through Lotte R&D center, we now benefit from the support of a key player to better understand the different markets in which we are establishing ourselves across the Asian continent and thus be able to meet the demand for local proteins," says Guillaume Daoulas, Ÿnsect Food & Plant Sales Director.
Ÿnsect aims to accelerate its presence in high-value-added markets with natural, healthy, and sustainable ingredients – this partnership is a clear step in this direction. Lee Gyeong Hweon, president at the Lotte R&D center, believes that insect proteins are a key option to meet the food and climate challenges of our time, and Asia is already keen on insect-based foods for human nutrition.
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