Company History
History of Hambakjae Bio Farm
- Hambakjae Bio Farm ( New start 2015)
-
At 2015, as a health food company that specializes in traditional medicinal plants, Hambakjae Bio Farm officially has taken its footsteps to the health food industry. Hambakjae Bio Farm also has started to build a new milestone with superior traditional Korean medicinal plants and new management commitment.
- 08
- Won Food and Drug Director Award at the 4th Asia LOHAS Forum
Won gold award at the 17th Yingshi Zhang International Scientific and Cultural Award in the pharmaceutical biotechnology sector
- 07
- Obtained Start-up Enterprise Certification from Korea Technology Finance Corporation (KOTEC)
Won gold award at 2015 Korea TV Business Award in brand management
Company name changed to Hambakjae Bio Farm Co., Ltd.
- 06
-
Hambakjae Bio Farm’s Junghyun Kim has been awarded gold award of IYIA (International Young Inventor’s Award) and his academic paper has been published and awarded special award from WIIPA (World Intellectual Property Association of Invention)
Won 2015 IYIA International Young Inventor’s Award and published academic paper
Published paper: Study related to anti-obesity component of Hwangchil extract
Winner: Hambakjae Bio Farm, Junghyun Kim
Award: Best engineering technical paper
Certified by: Acting principal Vice-Chancellor Filiana Santoso, Swiss German University
Won Certificate of Participation at 2015 IYIA by IFIA(International Federation Inventors’ Associations)
Published paper: Study related to anti-obesity component of Hwangchil extract
Winner: Hambakjae Bio Farm, Junghyun Kim
Award: Gold Award
Signatory: Hsieh, Hsin-Ming, chairman of IFIA (International Federation Inventors’ Associations) / Amdi Dwi Putra, president of INNOAP (Indonesia Inventions and Innovations Promotion Association) / Sofia Hartati, head of Faculty of Education in UNJ (Jakarta State University)
Organizer: IFIA (International Federation Inventors’ Associations), WIIPA (World Intellectual Property Association of Invention)
Awarded 2015 IYIA Honor of Invention organized by WIIPA
Published paper: Study related to anti-obesity component of Hwangchil extract
Winner: Hambakjae Bio Farm, Junghyun Kim
Award: Special Prize
Awarding place: WIIPA (Jakarta, Indonesia)
* Awarded a Special Prize of Honor
- 05
-
Signed “Social Contribution Agreement” with Jeju Social Welfare Association
Welfare Program: Create a warm Jeju with Hambakjae Bio Farm
China Engineering Academy officially visited Hambakjae Bio Farm
Hambakjae Bio Farm made donation to Jeju Charity Foundation
- Hambakjae Bio Farm entrusted health food that worth of 162.88 million won to Jeju Charity Foundation and via foundation to hand over donated food to 31 elderly welfare facilities
- 04
-
Director of company’s R&D center, Dongsul Yu has been assigned to a supervisor role for improvement of national technology regulation by Ministry of Science, ICT and Future Planning(MSIP)
Dongsul Yu also has been assigned to be a steering committee of The National Research Council By Korea Industrial Technology Association(KOITA)
- 03
-
Hambakjae Biopharm Central Research Institute certified by Ministry of Science, ICT and Future Planning
- 01
-
Selected as an excellent agricultural, industrial, and commercial integrated enterprise by Ministry for Food, Agriculture, Forestry and Fisheries and Small & Medium Business Administration
- Develop health food by using Acanthopanax that has blood sugar regulation effect
- Hambakjae Bio Farm ( 2014~2011)
- 12
-
Hambakjae Bio Farm made donation to Green Umbrella Child Foundation
-Company made donation of goods that worth of about 10 million won to children who are from low-income family in Busan
The Love Donation
- Hambakjae Bio Farm had donated Millennium Hwangchil and Acanthopanax products that worth of 106,800,000 won to Jeju Community Service Center where later delivered donated products to Senior Citizen Support Centers
- 11
- Registered patent of food composite that contains active component of Hwangchil extract to regulate blood sugar(Patent No.: 1014674070000, Registered Date: 25th November, 2014)
- 10
-
At MTN Money Today’s Sungbae Han’s Issue Maker Program broadcasted about Hambakjae Bio Farm
Applied patent of food composite that contains active component of Hwangchil to prevent or ameliorate osteoporosis
Applied patent of food composite that contains active component of Hwangchil to prevent or ameliorate arthritis
- 08
- Registered patent of anti-obesity composite that contains active component of Hwangchil extract
(Patent No.: 1014349940000, Registered Date: 21st August, 2014)
- 07
- Company moved to Jeju Science Industrial Park
- 06
- Applied patent of composite that contains active component of Hwangchil to adjust or enhance immunity
- 05
-
Be awarded grand prize of Korea’s Shining Star of the Year in the innovative economy sector, winner: , Junghyun Kim
Applied patent of antidiabetic food composite that contains ethyl acetate layer of Hwangchil
Applied patent of food composite that contains component of Hwangchil to prevent hypertension
Applied patent of food composite that contains ethyl acetate layer of Hwangchil to inhibit alcoholic gastritis

- 12
- Signed a cooperation contract with Lotte Hotel
Launched Jeju Millennium Hwangchil Extract product
Won Family Company Principal Award from Jeju National University
- 11
- Hambakjae Bio Farm’s Junghyun Kim has been awarded gold award at 2013 Issue Maker
Signed strategic business alliance contract with Ocean, Redcaprentcar Co., Ltd., and UTS Jeju Co., Ltd.
- 10
- Signed patent transfer agreement with Jeju National University
- 09
- Officially designated as a family company by Jeju National University
- 07
- Company name changed from Hambakjae Farm Co., Ltd. to Hambakjae Bio Farm Co., Ltd.
- 06
- Hambakjae Farm’s Junghyun Kim has been selected as 2013 Korea’s New Intellectual
- 04
- Conducted clinical trials of Acanthopanax to test its efficacy at Kyung Hee University, School of Medicine
- 03
- Designated as a supporting enterprise and obtained financial support from Ministry for Food, Agriculture, Forestry and Fisheries

- 11
- Selected as an agricultural, industrial, and commercial integrated enterprise by Ministry for Food, Agriculture, Forestry and Fisheries
- 07
- Signed patent transfer agreement with Korea Food Research Institute
- 05
-
Applied patent of composite that contains Eleutheroside E to prevent or cure insulin resistance or insulin resistance related diseases
- 04
- Company conducted sample test of 5 - 6 years old Acanthopanax and found there is anti-diabetic substance(Eleutheroside) in Acanthopanax
- 10
- Designated as a supporting enterprise to conduct in vivo animal testing to test efficacy of plants by Korea Food Research Institute
- 09
- Held a signing ceremony with Konyang University for academic exchanges
- 07
- Company name changed from Hambakjae to Hambakjae Farm Co., Ltd.
- Hambakjae Bio Farm( 2010~1980)
- 2008
- Signed a strategic cooperation MOU with ANT Co., Ltd.
Launched 'Filial Acanthopanax' product
- 2006
-
Hambakjae’s Acanthopanax product has been selected as the best product by Korea Standard Association for three consecutive year
Hambakjae’s Acanthopanax product has been selected as an recommended agricultural product by the governor of Chongcheongnam-do
- 2004
-
Hambakjae’s Acanthopanax product has been selected as the best product by Korea Standard Association
Hambakjae sponsored 2004-2005 Anyang SBS Stars basketball team
Won New Intellectuals Award from Ministry of Public Administration
Registered patent of manufacturing method of Acanthopanax extract beverage (Patent No.: 1004639840000, Registered Date: 20th December 2004)
- 2003
- Hambakjae’s Acanthopanax product has been selected as the best product by Korea Standard Association
Hambakjae sponsored 2003-2004 Anyang SBS Stars basketball team
- 2002
-
Hambakjae’s Acanthopanax product has been selected as the best product by Korea Standard Association
Hambakjae sponsored 2002-2003 Anyang SBS Stars basketball team
Awarded gold prize of Korea Brand Power CEO by Korea Brand Association and Sports Today in health food sector
Acanthopanax product has been selected as the best seller by SeoGyeong Venture
- 2001
-
Signed a technical cooperation agreement with Biodyne Research, U.S.A
Established strategy of new product development and business globalization
Hambakjae Farm has been selected as Regional Intellectual Property of Chungcheongnam-do
- 2000
- Signed export contract with BJ LIFE (U.S.A.) to export Acanthopanax products to U.S.A
- 1998
- Launched 1st Acanthopanax product
- 1994
- Established Biomedical Research Institute
Dr. Woon Kang who had been a professor of pharmacology and chemistry in Mount Sinai Medical Center joint to the company as a consultant
- 1985
- Established Korea Nature Science Co., Ltd.
Launched product of GreenGoGaeing
Studied vegetation of Acanthopanax
- 1982
- Established Hambakjae Farm
Started seedlings of Acanthopanax at Jeongseon, Gangwon-do
Established the largest Acanthopanax farm at Nonsan, Chungcheongnam-do (330,000㎡)
- 1980
- Established Makomo Food Co., Ltd.
Launched product of GoBong