SEOUL, Apr. 24 (Korea Bizwire) — Cosmecca Korea Co., a local cosmetics maker, said Tuesday it has bought a U.S. original design manufacturer (ODM) in a 57.76 billion won (US$53.7 million) deal as it moves to expand its presence in the global market. The Korean company, listed on the country’s secondary bourse KOSDAQ, said it [...]
SEOUL, Sept. 23 (Korea Bizwire) – South Korea’s small-scale cosmetics firms are targeting niche markets by launching made-to-order manufacturing for other firms, a way of expanding their businesses without the cost of having to develop their own brands and marketing them, industry officials said Friday. K-beauty has caught on globally, allowing these companies to gain [...]
SEOUL, May 24 (Korea Bizwire) – South Korean cosmetics manufacturers have grown quickly in China on the back of their advanced production technology and K-beauty boom in the fast-rising market, industry officials said Tuesday. Chinese cosmetics brands have expanded their partnerships with Korean original design manufacturers (ODMs), which design and manufacture a product as specified and [...]
SEOUL, June 3 (Korea Bizwire) - On June 2, SK Telecom announced that it has signed an agreement for the sales and manufacture of portable high-end Wi-Fi audio and related services with Anam Electronics which handles ODM (Original Development Manufacturing) for high-end audio equipment suppliers including Yamaha, JVC and Denon. The gist of the contract [...]