Europe’s cultured meat market could add 90,000 jobs and €85bn to the economy by 2050 – if lawmakers and investors step up
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GFI APAC, Korea Biotechnology Industry Organisation (KoreaBIO) and the Bio-based Future Food Industry Committee (BFFIC) have joined forces to accelerate cellular agriculture in South Korea.
The three parties signed a Memorandum of Understanding in Seoul. Under the MoU, the partnership will boost market research and technical knowledge exchange, drive policy coordination for novel food regulation and host global webinars, workshops and presentations on alt-protein innovation.
In a post on LinkedIn, The Good Food Institute APAC, said: “South Korea is solidifying its leadership in cellular agriculture as cultivated meat gears up for its domestic debut in 2025. From cutting-edge R&D to policy advancements like the regulation-free zone in North Gyeongsang Province, the future of food has never looked brighter!”
Dominic Jeong, president of the BFFIC, commented: “Global mutual cooperation is essential for the industrialisation of novel foods, including alternative proteins, which will be crucial for the future food supply system".
Bruce Friedrich, who serves as GFI APAC’s board chair, added: “Reimagining how meat is made is one of humanity’s greatest untapped opportunities. As a world-class innovation hub, South Korea’s expansive R&D and manufacturing ecosystem will play a crucial role in supercharging cultivated meat development and pioneering the technological breakthroughs our planet urgently needs.”
#SouthKorea #GFI #APAC #KoreaBIO #BFFIC
Phoebe Fraser
28 November 2024