Eco-friendly Healthcare Company ‘Bakus Lab Co., Ltd.’ Obtains Certification as an Innovative Growth Venture Company

Healthcare Startups Founded by Young Talents from Various Professional Fields

Bacchus Lab Co., Ltd., an eco-friendly healthcare company based on the convergence of traditional Korean medicine and IT technology, has obtained the Innovative Growth Venture Company certification from the Ministry of SMEs and Startups. Bacchus Lab is a healthcare company jointly founded by three individuals: Huh Won-sang (CEO), Go Seong-min (CMO and CSO), and Choi Jun-young (CPO and CLO).

CEO Huh Won-sang, CMO and CSO Go Seong-min, and CPO and CLO Choi Jun-young are all skilled experts who have conducted research, development, sales, and operations in their respective fields. CEO Huh Won-sang is a licensed Korean medicine doctor who, after more than seven years of research at Gachon University Research Institute, published three SCI-level papers, demonstrating his research capabilities. Director Go Seong-min is a professional manager with over 17 years of experience in management and marketing in both China and Korea, while Director Choi Jun-young is responsible for production and logistics at a domestic carbon bicycle specialist maker. Bacchus Lab Co., Ltd. is a healthcare startup led by young talents from various specialized fields who have driven the company with challenge and creativity to achieve the Innovative Growth Venture Company certification.

The ‘Innovative Growth’ Venture Company certification awarded to Bacchus Lab Co., Ltd. is given to companies with promising future growth based on various indicators such as dedicated research organizations and personnel expertise, service competitiveness, sustainable management, new technologies, entrepreneurial spirit, sales, and business growth potential.

The venture company certification is publicly announced after a rigorous review process including document evaluation and on-site investigation by specialized evaluation agencies. It comprehensively assesses technology, growth potential, and management innovation. Applications can be made under categories such as venture investment, research and development, and innovative growth. Upon obtaining the certification, companies receive various benefits including tax incentives, financial support, patent advantages, and preferential treatment in KOSDAQ listing review criteria.

Bacchus Lab Co., Ltd. currently manufactures and sells Wonsanghwan, a specialized hangover remedy made from 100% natural ingredients, traditional herbal medicines, and water fermented with wine. The company plans to introduce various products developed using eco-friendly ingredients that prioritize customer health and safety.

Director Go Seong-min of Bacchus Lab Co., Ltd. stated, “Obtaining this venture company certification is a meaningful achievement recognizing Bacchus Lab’s innovation, creativity, and business growth potential,” adding, “Based on the convergence of traditional Korean medicine and IT technology and our core competencies, we will provide products and services that contribute to human health and a happy life.”