Namyang Dairy Products Co., Ltd. was founded on March 13, 1964, as the first general dairy products business operation in Korea. The operation was established with the view of expediting the development of the nation's dairy industry and to further contribute to the enhancement of public health through provision of high-quality dairy products, leading the progress made in the industry.

The first project undertaken since the start of the operation was to realize import-substitution, in its entirety, for infant, which had been wholly dominated by foreigh imports following a series of efforts a quality Improvement and the development of new products, we have come to hold 75 percent of the market share in infant formula. Also armed with high quality yogurt, milk, cheese, fruit drink and like, we now enjoy the greatest share in the Korean market.

In February of 1980, the largest single unit dairy products plant, was built at Gongju, a provincial town in the central region of the nation, for the production of infant formula and following-up milk powder so we could meet the ever-rising demands for dairy products. In 1985 the production of our baby food entitled us into a dominant position in that market. In October of 1978, our company had the honor of receiving a national citation from the government for our contributions made toward the nation's dairy industry. In 1981, the R&D center at the Gongju plant, was established as a separate operation for the management of our own technologies developed and for further product research and development.

In December 1988, in order to forward the supply of products in the nation's southeastern (youngnam) region, an existing plant at Gyeongju, an ancient city in that province, was taken over and refitted with an up-to-date automation facility. This region constitutes for about 35 percent of the entire domestic market by the addition of the Gyeongju plant, the third following the ones at Gongju and Cheonan, has now enabled us to perform at an optimal competitiveness in the supply of the wide range of dairy products.

Ever since the introduction of our operation, our company has maintained steady growth in 1992 we emerged as the nation's largest corporation for general dairy with a workforce of 2,200 employees and the yearly turnover of US$425 million for more than 120 products. We now look to the future for a new leap forward.

There are 16 business branches located in major cities throughout the nation. These branches are further divided into two divisions. One for dairy products and the other for milk based beverages. The dairy products division manufactures infant formula, following-up milk powder, baby food, specific infant formulas, cheese, evaporated milk, and other types of milk powder.

The milk beverage division handles milk, yogurt, fruit drinks, and lactic fermented beverages. A total of 4,500 salespersons canvass the market and operate from some 800 agencies of sale throughout the country.

As the taste and preference of the Korean consumer is incessantly westernized and diversified (in pace with the rise in living standards), we endeavor to devise new businesses and projects so as to make the best use of our huge nation wide network and to hold fast to our position as the foremost runner in the dairy industry.