This year, UltraCol, developed by biomedical beauty group UltraV (CEO Hanjin Kwon), was recognized as a product with the potential to enter the top five in global market share within the next seven years, and received awards from three organizations for its medical device R&D performance, overseas export performance, and other efforts to foster the industry.

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In addition to being awarded the Ministry of Trade, Industry and Energy's Next Generation World Class Product for contributing to the increase of exports and national economic development with its high technology and competitiveness, the company also received the Minister of Health and Welfare's Commendation as an innovative medical device company for its achievements in medical device research and development, overseas export performance, and contribution to the development of the medical device industry as an excellent medical device company. It was also selected as the Outstanding Company of the Year in the 'Export' category for creating excellent management performance under difficult economic conditions and won the Seoul Mayor's Commendation as an outstanding company in the export sector, achieving three awards.

UltraCol is an registered at FDA collagen bio stimulator and skin booster made from PDO (Polydioxanone) that uses the body's own immune response to stimulate collagen production, helping to regenerate collagen in the skin, increase volume, and improve overall elasticity.

In addition, it was the first polymer filler to receive the the IR52 Received Jang Young Sil Award, and its safety and excellence have been proven by obtaining the Korean Food and Drug Administration (KFDA) and European CE certification, and it is expanding its scope to Asia, Europe, South America, and North America.

An official from Ultra V said, "We are continuously expanding the proportion of overseas exports and breaking the maximum sales every year." "We will continue to make efforts to leap to the global top tier based on our differentiated products and technology."

Meanwhile, UltraV recently signed a memorandum of understanding (MOU) to enter the mainland Chinese market, starting with Hainan.