CNC International Receives Preliminary Approval for KOSDAQ Listing Review

[Asia Economy Reporter Hyunseok Yoo] C&C International announced on the 15th that it passed the preliminary review for listing on the KOSDAQ market of the Korea Exchange on the 11th.

Founded in 1997, C&C International operates in the ODM business for color cosmetics. Its main items are point makeup products such as lipsticks, lip tints, eyeshadows, eyeliners, and eyebrows.

Based on over 23 years of solid experience and know-how, C&C International has established quality stability and unique technological competitiveness. Its core strengths can be summarized as ▲leading product planning capabilities ▲global-level quality management capabilities ▲flexible production infrastructure. In 2020, it recorded provisional results of 86.3 billion KRW in sales and 15.4 billion KRW in operating profit.

A company official stated, “Especially, acquiring bargaining power through strategic trend analysis and rapid product planning, and securing a diversified customer base were the driving forces behind generating high operating profits.”

The ‘gel pencil technology’ applied to eyeliners developed under the leadership of CEO Euncheol Bae became the turning point for C&C International, which was a small eyeliner pencil company, to gain attention in the global market.

Since 2013, the company has developed lip makeup products, and new lipsticks and lip tints that did not exist in the existing market received great responses from various brands, growing nearly sevenfold from 13.6 billion KRW in 2013 to 86.3 billion KRW in 2020. The representative product, Stylenanda’s ‘3CE Velvet Lip Tint,’ sold more than 6 million units last year despite the impact of COVID-19.

Major customers include Stylenanda, Amorepacific, Clio, L'Oreal, Estee Lauder, LVMH, Revlon, COTY, Clarins, and Rare Beauty. The company maintains strong partnerships with over 100 domestic and international clients, exchanging product development and marketing strategies. Going forward, it plans to expand sales volume by adding base makeup product production and attracting indie beauty and prestige brand customers.

CEO Euncheol Bae of C&C International expressed his ambition, saying, “We have established core competitiveness through flexible productivity via smart factories, diversification of sales channels, and leading planning capabilities. Through the KOSDAQ listing, we will grow into a comprehensive global color cosmetics ODM company.”

Meanwhile, NH Investment & Securities is the lead underwriter, and the company plans to proceed with the KOSDAQ listing within the first half of the year.

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