SEOUL, Aug. 13 (Korea Bizwire) — Cosmax Inc., South Korea’s major cosmetics manufacturer, said Sunday its factory jointly built with Yatsen Holdings has begun operations in Guangzhou, China. Cosmax set up a joint venture, Yatsen Biotechnology, with the New York-listed Chinese Yatsen in 2020, and began construction of the 60,593-square-foot factory, Asia’s biggest cosmetics factory. [...]
SEOUL, June 12 (Korea Bizwire) — LG Chem Ltd., a major South Korean chemicals firm, said Sunday it has signed an agreement with cosmetics company Cosmax Co. to enhance collaboration in developing and marketing eco-friendly cosmetics containers. Cosmax is an original design manufacturer (ODM) with a customer base of some 1,000 global cosmetics companies including [...]
SEOUL, Apr. 30 (Korea Bizwire) — Korean cosmetics producers are heading into the global market after success in China and Southeast Asia. Both manufacturers and distributors alike of Korean cosmetics are expanding their production facilities to more advanced markets such as the U.S. and Japan, while taking an aggressive stance via mergers or takeover of [...]