Amway seeking to collaborate with Korean firms

Amway, the global direct selling giant, is striving to come up with a pair of products, possibly functional foods and cosmetics, based on Korea's cutting-edge technologies by 2012 under a scheme dubbed the “Open Innovation Project”.

To this end, Amway Korea said on November 26 that it has signed a memorandum of understanding (MOU) with Unhwa, a local biopharmaceutical company, to conduct a j...