Creating value 
							for shareholders
						
						Through the Letter, we share performance, strategic direction, and long-term goals.
					
				for shareholders
Greetings!
I am Wonsuk Lee, CEO of Daehan Nupharm.
Thank you for visiting our website and for always
showing great interest and support.
Today, we live in a time of change faster than ever
before.
Technology is advancing and industries are
constantly evolving, with the roles and
responsibilities of companies being redefined
accordingly. Amid these changes, we seek to keep
one value at our core. That value is “warmth that
puts people first.”
Daehan Nupharm’s management philosophy does
not stop at simple growth or pursuit of profit.
We cherish warm human connections like body heat
between people and aim to realize sustainable and
meaningful innovation based on mutual respect and
care. This is the starting point and ultimate direction
of all our businesses.
Thus, all our management activities begin with deep
recognition of responsibility to society, to the
environment, and to future generations. From ecofriendly production and distribution and transparent,
responsible management to mutual growth with
partners and local communities, we constantly strive
to realize sustainable values in every business
process.
We believe that the innovation we pursue should not
only be scientific advancement but also a means of
making human life healthier and richer, ultimately
building a better society. We will choose the path of
communication, empathy, and moving forward
together with customers, partners, employees, and
society as a whole.
Going forward, Daehan Nupharm will continuously
create meaningful value and innovation centered on
respect for people and social responsibility under its mission of being “a company that shares warmth.”
We will continue steady but genuine steps so that the
company’s growth leads directly to society’s growth.
With your continued interest and support, we will
prepare for the future with even greater
responsibility and advance toward a better world.
Thank you.
 
September 15, 2025
CEO, Daehan Nupharm
Wonsuk Lee
Greetings! Respected shareholders of Daehan
Nupharm,
Despite the difficult environment in 2024 such as
drug price reductions, stricter regulations, and rising
costs, we achieved excellent results. We recorded
sales of 202.1 billion KRW, operating profit of 18.6
billion KRW, and net profit of 15.4 billion KRW. For
2025, we are pushing forward with strategies by
setting strategic indicators and goals for each
business division to ensure sales growth. 
With your continued interest, Daehan Nupharm
promises that 2025 will be a year of achieving goals
alongside new challenges, and I would like to share
today’s key priorities.
First are safety and quality.
Safety and quality complement each other. In a safe
working environment, high-quality pharmaceuticals can be produced, and high-quality medicines play a
crucial role in ensuring user safety and patient health.
This goes beyond production activities alone and
represents a core value for the company’s long-term
growth and sustainability. In particular, since safety
and quality are central pillars of ESG management,
we will manage and improve them thoroughly to
secure sustainable growth drivers in the long term.
Second is the advancement of production facilities.
The Hyangnam Project is progressing smoothly,
having broken ground last May. The new plant is
scheduled to start operations in 2027, and we will
continue to invest in related research and
development.
Third is strengthening research and development.
Our Pangyo Central Research Institute and Bio
Research Institute are continuously pursuing the
expansion of pipelines, creation of opportunities for
new research materials, licensing-in, and joint
research on pharmaceuticals, veterinary medicines,
and health functional foods, thereby enabling
synergies across divisions.
The year 2025 marks the meaningful 40th
anniversary of Daehan Nupharm. We have written a
history full of challenges and achievements over the
past 40 years, and we will build a new future that
surpasses this legacy for the next 40 years. 
To this end, we will pursue continuous
change—constructing new plants, strengthening
R&D, and introducing new IT systems—while
constantly challenging ourselves to grow into a
globally recognized pharmaceutical and bio
company
We ask for your continued interest and support.
I sincerely thank all shareholders who took the time
to attend this general meeting despite your busy
schedules, and I wish your health, peace, and
happiness.
 
Mar. 20, 2025
Daehan Nupharm Co., Ltd.
CEO Wonsuk Lee
Greetings! Respected shareholders of Daehan
Nupharm,
In 2023, our sales grew 3% year-on-year to 204.2
billion KRW, with operating profit of 18.8 billion
KRW and net profit of 12.5 billion KRW. This year
as well, we are pursuing business by setting goals
and strategic indicators by division to ensure
continuous sales growth. 
With your support, we promise that 2024 will also be
a year of achieving goals alongside new challenges.
In April last year, we completed the first phase of the
Hyangnam Project—the construction of the research
building—and we are pushing ahead with phase two:
the new plant construction. We are now in the final
stages of design, and we plan to break ground in
May. Once plant construction and validation are
completed, full production will begin in 2027. When
the new plant is completed, our company will have
Korea’s leading lyophilized injectable production
line.
Daehan Nupharm will not only build new plants and
upgrade production systems but also continue
product R&D to ensure healthier lives for patients
and animals. We ask for your continued interest and
support. 
I sincerely thank all shareholders who attended this
meeting despite your busy schedules, and I wish you
good health and abundant happiness.
 
Mar. 18, 2024
Daehan Nupharm Co., Ltd.
CEO Wonsuk Lee
Greetings! Respected shareholders of Daehan
Nupharm,
In 2022, we achieved our goals including the first
successful clinical trial of an improved new drug and
the hosting of a symposium thanks to our employees’
responsibility and passion. Sales grew 19% year-onyear to 198 billion KRW, with operating profit of
27.6 billion KRW and net profit of 24.3 billion KRW.
We are pursuing business this year with strategic
goals to enable further growth.
With your interest, Daehan Nupharm promises that
2023 will be a year of achieving goals alongside new
challenges, and I would like to announce new
priorities here today.
First is the advancement of production facilities.
Expansion of the research support building—the first
step of the Hyangnam Project—is in progress, with
the remodeling of the solid dosage line to be
completed in the first half of this year. Phase two
will be construction of the pharmaceutical warehouse
and veterinary medicine production building, and
phase three will be construction of the injectable
plant.
The company will make strategic plans to push the
project forward as quickly as possible. The
Hyangnam Project will serve as a cornerstone for the
stable production of our high-quality products and
our growth into a global R&D-driven pharmaceutical
and bio company.
Second is strengthening internal capabilities and
systems.
We must strengthen not only hardware such as
construction and facilities but also software. Stricter
GMP regulations mean that simply performing DI or
adopting LIMS is insufficient. Alongside workforce
expansion, we will focus on strengthening internal
capabilities through training.
Third, we will invest in research and development.
The re-evaluation of listed drugs beginning July is
expected to bring seismic changes to the industry.
This means that pharmaceutical companies that do
not engage in R&D will find it difficult to survive.
Our Pangyo Central Research Institute and Bio
Research Institute are continuously expanding
pipelines, while the newly established Future
Business Division will create opportunities for new
research materials, licensing-in, and joint research on
pharmaceuticals, veterinary medicine, and health
functional foods, fostering inter-divisional synergies. 
Although high interest rates and inflation are
expected to persist this year due to the global
economic crisis, Daehan Nupharm achieved
remarkable growth amidst such challenges. We will
continue to evolve into a globally recognized
pharmaceutical and bio company through relentless
determination and goal achievement. 
We ask for your continued interest and support.
Finally, I sincerely thank all shareholders who
attended this meeting despite the pandemic and wish
your health, peace, and happiness. 
 
Mar. 21, 2023
Daehan Nupharm Co., Ltd.
CEO Wonsuk Lee


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