Changwon City Partners with SBH in a 40 Billion KRW Agreement to Advance K-Beauty and K-Quarantine Initiatives

Investment in manufacturing facilities for cosmetics and masks by next year, creating over 310 jobs

Changwon City signed an investment attraction business agreement with SBH Co., Ltd., a newly established investment company manufacturing cosmetics and masks, at 3:30 PM on the 22nd in the reception room. (Photo by Changwon City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Changwon City, Gyeongnam, signed an investment attraction business agreement with SBH Co., Ltd., a newly established investment company manufacturing cosmetics and masks, on the afternoon of the 22nd in the reception room.

The signing ceremony was attended by Changwon Mayor Heo Seong-mu, SBH Co., Ltd. CEO Byun Gyeong-ryul, Executive Director Heo Jun, Managing Director Lee Do-eun, and General Manager Kim Yong-hwan.

Through this agreement, SBH Co., Ltd. plans to invest 40 billion KRW by next year in manufacturing cosmetics and masks, providing jobs for approximately 310 people. The city plans to support the company with administrative and financial assistance to ensure smooth progress of the investment.

SBH Co., Ltd. will establish clean room facilities for manufacturing cosmetics and masks at its 2,907㎡ site in Sinhwa Technovalley, Palyong-dong, Uichang-gu, Changwon City, and plans to introduce 50 mask manufacturing machines by the end of this year.

Mayor Heo Seong-mu of Changwon said, “We appreciate the large-scale investment during a time when the local economy is struggling due to COVID-19,” and added, “We hope the company will strive to produce excellent cosmetics and masks to enhance the status of K-Beauty and K-Quarantine, create jobs, and revitalize the local economy.”

This content was produced with the assistance of AI translation services.