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Bionote

Public · 1 known investors

Korea-listed BioNote manufactures rapid human and animal diagnostic kits plus diagnostic raw materials such as antigens and antibodies.

Also known as A377740 · Bionote Inc · BioNote, Inc.

Investors · 1

Company profile

researched Aug 2026

BioNote, Inc. is a South Korean company operating in the bio-contents field. Its activities span the manufacture and sale of rapid diagnostic kits for human use, diagnostic raw materials including antigens, antibody cell lines, standards and enzymes, and semi-finished products supplied to other manufacturers. For the animal health market, the company produces rapid immunochemical diagnostics, enzyme immune rebound protein products and immunochemical fluorescence diagnostics.

The business is reported in two principal segments, Life Science and Animal. Segment disclosures show Animal revenue of KRW 65.64B in 2023 and KRW 71.82B in 2024, with Life Science revenue of KRW 24.44B and KRW 30.96B in the same years; earlier periods were reported under a combined Diagnostic Kits / Equipment segment (KRW 622B in 2021). The company employs 298 people and is headquartered at 22 Samsung, Hwaseong-si (postal code 18449), Gyeonggi Province, South Korea.

Business model

BioNote manufactures and sells finished rapid diagnostic test kits for human and veterinary use, as well as upstream diagnostic inputs (antigens, antibody cell lines, standards, enzymes) and semi-finished products, generating revenue across its Life Science and Animal segments.

Product sales of diagnostic kits, diagnostic raw materials and semi-finished products, split between the Life Science and Animal segments.

Traction

Reported first-quarter provisional operating profit of KRW 6.3 billion, up 35.2% year over year, with net income up 925% in the same quarter. Annual segment revenue reached a combined KRW 102.78B across the Life Science and Animal segments in 2024, up from KRW 90.08B in 2023.

Latest developments

In May, the company reported a 925% jump in first-quarter net income and provisional quarterly operating profit of KRW 6.3 billion, up 35.2% year over year, with shares rising about 3% on the news. Hye-Im Cho was appointed to sales and marketing leadership and joined the board in March 2025.

▸Full profile — market position, go-to-market, geography, history

Market position

Classified in the diagnostic and testing substances manufacturing sector and listed on the Korea Stock Exchange with a market capitalization of roughly $348M; sector peers cited alongside it include Ultragenyx Pharmaceutical, Sarepta Therapeutics and DK Life Science.

Go-to-market

Human clinical diagnostics customers and the animal/veterinary diagnostics market, plus manufacturers purchasing diagnostic raw materials and semi-finished goods.

Geography

Headquartered in Hwaseong-si, South Korea, with sales split between the domestic market and overseas. Overseas revenue was KRW 89.59B (2022), KRW 54.74B (2023) and KRW 64.92B (2024) against South Korean revenue of KRW 390B, KRW 35.34B and KRW 37.86B in those years. The 2021 geographic breakdown reported sales in Asia (KRW 31.21B), Europe (KRW 44.78B), the Americas (KRW 10.58B), Africa (KRW 6.25B) and Oceania (KRW 673M) alongside South Korea (KRW 529B).

History

Byung-Ki Cho has served as chief executive officer since July 2020, and Guk-Myung Lee as chief financial officer since March 2021. Young-Sik Cho became chairman of the board in February 2023; other board members joined between 2018 and 2025. The shares trade in Korea under the code A377740.

Compiled by commissioned research from 2 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesJan 2026298 people
Founder/chairman ownership stake (Young-Sik Cho)Jan 202650.3%
InterVest Co., Ltd. ownership stakeJan 202611.6%
Market capitalizationAug 2026$348M
Overseas revenueJan 2024$64.9B
Q1 net income growth YoYMay 2026925%
Q1 operating profit growth YoYMay 202635.2%
Q1 provisional operating profitMay 20266,300,000,000 KRW
Revenue - Animal segmentJan 2024$71.8B
Revenue - Diagnostic Kits / Equipment segmentJan 2021$622B
Revenue - Life Science segmentJan 2024$31B
Share priceAug 20264,815 KRW
South Korea revenueJan 2024$37.9B
Stake held in CTCBIO INC.Jan 202623%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
May 2026
Q1 net income up 925%; shares rise 3%

The company reported a 925% year-over-year jump in first-quarter net income and provisional quarterly operating profit of KRW 6.3 billion, up 35.2% year over year; shares rose about 3%.

source ↗

Mar 2025
Hye-Im Cho appointed to sales and marketing and to the board

source ↗

Feb 2023
Young-Sik Cho becomes chairman of the board

Young-Sik Cho, the company's largest shareholder with a 50.3% stake, became chairman on 28 February 2023.

source ↗

Mar 2021
Guk-Myung Lee appointed CFO

Guk-Myung Lee took the role of Director of Finance/CFO on 31 March 2021.

source ↗

Jul 2020
Byung-Ki Cho appointed CEO and director

Byung-Ki Cho has served as chief executive officer and a board member since 31 July 2020.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 2

primary sources listed

2 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Bionote do?
Korea-listed BioNote manufactures rapid human and animal diagnostic kits plus diagnostic raw materials such as antigens and antibodies.
Who are Bionote's investors?
Bionote's investors include Atinum Investment Co. Ltd..