Nutritional Growth Solutions Ltd. Announces It Will Launch Its Healthy Heights® Product Line in South Korea Following A Supply Agreement with Coupang
August 02, 2022 at 07:35 pm EDT
Share
Nutritional Growth Solutions Ltd. announced it will launch its Healthy Heights® product line in South Korea following a supply agreement with Coupang. The non-exclusive agreement will see Healthy Heights® children's protein formulas, including Grow Daily 3+, Grow Daily 10+, KidzProtein and KidzProtein Vegan lines, stocked through the popular online retailer that currently has 18 million active customers. The agreement will commence immediately and there are no conditions to be met prior to its commencement.
The agreement is for a twelve-month period and can be terminated by either party by providing one month notice in writing. Whilst it is unable to quantify the revenue that may be earned from the agreement, the Company deems the agreement significant since it is its first entrance into the South Korean market, together with a renowned and experienced partner in the region.
Coupang, Inc. owns and operates a retail business, which primarily serves the Korean retail market. Through its mobile applications and Internet websites, it offers products and services that span a range of categories, including home goods and decor, apparel and beauty products, fresh food and grocery, sporting goods, electronics, everyday consumables, travel, restaurant order and delivery, content streaming, and advertising. Its Product Commerce segment primarily includes core Korean retail (owned inventory) and marketplace offerings and Rocket Fresh, its fresh grocery offering, as well as advertising products associated with these offerings. Its Developing Offerings segment primarily includes more nascent offerings and services, including Coupang Eats, its restaurant ordering and delivery service in Korea, Coupang Play, its online content streaming service in Korea, fintech, its retail operations in Taiwan, as well as advertising products associated with these offerings.
COUPANG, INC. 
