- CEO
- Kwang-Soo Kim
- Full Time Employees
- 1,998
- Sector
- Consumer non-durables
- Industry
- Food: meat/fish/dairy
- Address
- 45, Dasansunhwan-ro Namyangju GY South Korea
- IPO Date
- Aug 31, 1978
- Business
- Binggrae Co., Ltd. manufactures and distributes dairy products, ice cream, snacks, and beverages primarily in South Korea and internationally. The company offers ice cream products including Together, Melona, Ssamanco, BB Big, Heat Hunt, Cledor, Babambar, Yomamddae, Supercone, and Ppongta; dairy items such as Banana Flavored Milk, Yoplait spoonable yogurt, Yoplait Dr. Capsule, Greek Yogurt Yopa, Acaffera, Oprut, and True Milk; fermented milk and nutritional supplements; milk and cheese; coffee; juices and other beverages; and snacks/desserts including Crab Snack Kkotgerang under various brands. Binggrae operates production facilities in Namyangju, Gimhae, Gwangju, and Nonsan, with headquarters in Namyangju-si, Gyeonggi-do, South Korea, and conducts exports to markets including North America, Southeast Asia, Australia, China, Vietnam, Russia, and Europe. Founded in 1967 as Daeil Corporation and renamed Binggrae in 1982, the company targets consumer food and beverage segments with a focus on refrigerated and frozen products for retail and international distribution. In late 2024, Binggrae announced plans to spin off its beverage and food production and sales division into a separate operating entity by May 2025, transforming the parent into Binggrae Holdings Co., Ltd. to enhance focus on investments, overseas expansion, and subsidiary management including Haitai Ice Cream acquired in 2020; the restructuring aims to improve market responsiveness and includes retiring 1 million treasury shares to boost shareholder value. Recent global initiatives encompass launching Melona and Ssamanco at Coles in Australia, participating in ANUGA 2025 in Europe and PRODEXPO 2025 in Russia for export growth, and strengthening positions in North America and Southeast Asia with localized flavors.