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Major South Korean food companies including CJ, Daesang and Orion are expanding into the bio sector as domestic food markets saturate. Orion plans to invest 550 billion won to take a 25% stake in biotech firm LegoChem Biosciences.
This corporate investment in pharmaceutical biotech has no meaningful link to feed grain, oilseed or livestock supply, demand or prices.
asiae.co.krKim HeungsoonJan 16, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
