Hankom Lifecare Acquires Mask Manufacturer 'Daeyeong Healthcare'

Plan to Establish a Production System Capable of an Annual Maximum Output of 100 Million Sheets

[Asia Economy Reporter Jin-gyu Lee] Hancom Lifecare, a subsidiary of Hancom, announced on the 18th that it will expand its mask production in earnest by acquiring mask manufacturer Daeyoung Healthcare.

Daeyoung Healthcare is a mask manufacturer certified by the Ministry of Food and Drug Safety with KF94 and KF80 grades, equipped with facilities capable of producing up to 47 million masks annually.

As the largest shareholder of Daeyoung Healthcare, Hancom Lifecare plans to establish a mass production system capable of producing up to 100 million masks annually through new facility expansion and workforce increase.

Hancom Lifecare, which has been producing masks through an Original Equipment Manufacturer (OEM) method, has taken a bold step to expand production scale by acquiring a mask manufacturing company to respond to the rapidly increasing demand for masks due to the novel coronavirus infection (COVID-19).

A Hancom Lifecare official stated, "Along with the firefighting, defense, quarantine, and industrial mask businesses, which have held a dominant position in the domestic market, the health mask business, which had a relatively small share, is expected to achieve significant growth in a short period through this acquisition."

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