State pharmaceutical firm Kimia Farma (KAEF) started to export its raw material for cosmetics (30 tons) to Jinyoung Bio Co Ltd in South Korea for a ten-year agreement. This is cooperation with Sungwun Pharmacopia Co Ltd through a joint venture (JV) entity PT Kimia Farma Sungwun Pharmacopia. Kimia Farma expects to obtain US$1.5 million from exporting seven raw materials to South Korea.
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