# CJ and Daesang Followed by Orion... Food Industry Sets Eyes on Bio Sector - The Asia Business Daily

> 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.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/32451-cj-and-daesang-followed-by-orion-food-industry-sets-eyes-on-bio-sector-the-asia
- Commodities: [Lysine](https://feedsoft.ai/c/LYSINE.md)

## Why it matters

This corporate investment in pharmaceutical biotech has no meaningful link to feed grain, oilseed or livestock supply, demand or prices.

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2024011610463302707

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.