About Binggrae
Binggrae is a company based in Namyangju-si (South Korea) founded in 1967.. The company has 1,820 employees as of December 31, 2024. Binggrae has completed 1 acquisition, including Haitai Ice Cream. Binggrae offers products and services including Ice Cream, Milk and Cheese, Fermented Milk, Coffee and Juices, and Snacks and Desserts. Binggrae operates in a competitive market with competitors including Danone, RJ Corp, CJ, Hain Celestial and Premier Foods, among others.
- Headquarter Namyangju-si, South Korea
- Employees 1820 as on 31 Dec, 2024
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
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- Legal Name Binggrae Co., Ltd
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Annual Revenue
$989.98 M (USD)4.93as on Dec 31, 2024
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Net Profit
$70 M (USD)19.73as on Dec 31, 2024
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EBITDA
$131.52 M (USD)11.41as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
1820
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Binggrae
Binggrae is a publicly listed company on the KRX with ticker symbol 005180 in South Korea, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Binggrae
Binggrae offers a comprehensive portfolio of products and services, including Ice Cream, Milk and Cheese, Fermented Milk, Coffee and Juices, and Snacks and Desserts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Produces and sells various ice cream flavors for consumer enjoyment.
Offers milk and cheese items for daily nutrition and consumption.
Provides fermented milk products like yogurt for health benefits.
Manufactures coffee and juice drinks for everyday refreshment.
Creates snacks and desserts focused on taste and convenience.
Funding Insights of Binggrae
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Binggrae
Binggrae has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Haitai Ice Cream. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Brand of icecream
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1970 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Binggrae
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Binggrae Comparisons
Competitors of Binggrae
Binggrae operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Danone, RJ Corp, CJ, Hain Celestial and Premier Foods, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Health-focused dairy and plant-based food products are offered.
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| domain | founded_year | HQ Location |
Food and beverage products are branded, with diverse sectors engaged.
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| domain | founded_year | HQ Location |
Provider of food distribution services
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| domain | founded_year | HQ Location |
Hain Celestial is focused on better-for-you food and personal care products.
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| domain | founded_year | HQ Location |
Processed food products are produced and marketed by Premier Foods.
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| domain | founded_year | HQ Location |
Multicategory food and beverage company
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Binggrae
Frequently Asked Questions about Binggrae
When was Binggrae founded?
Binggrae was founded in 1967.
Where is Binggrae located?
Binggrae is headquartered in Namyangju-si, South Korea. It is registered at Namyangju-si, Gyeonggi-do, South Korea.
Who is the current CEO of Binggrae?
Park Young Jun is the current CEO of Binggrae.
How many employees does Binggrae have?
As of Dec 31, 2024, the latest employee count at Binggrae is 1,820.
What is the annual revenue of Binggrae?
Annual revenue of Binggrae is $989.98M as on Dec 31, 2024.
What does Binggrae do?
Binggrae was established in 1967 in Namyangju-si, South Korea, as a player in the food and beverage sector. Operations focus on producing items such as ice cream, milk, coffee, beverages, snacks, and desserts. These goods are distributed primarily through retail stores across the region. Leadership is provided by CEO Park Young Jun, with the companys domain registered as bing.co.kr.
What products or services does Binggrae offer?
Binggrae offers Ice Cream, Milk and Cheese, Fermented Milk, Coffee and Juices, and Snacks and Desserts.
Is Binggrae publicly traded?
Yes, Binggrae is publicly traded on KRX under the ticker symbol 005180.
How many acquisitions has Binggrae made?
Binggrae has made 1 acquisition, including Haitai Ice Cream.
What is Binggrae's ticker symbol?
The ticker symbol of Binggrae is 005180 on KRX.