Green Package Solution Secures Cumulative Investment of 10 Billion KRW

'6OUT' TV commercial introduced by the eco-friendly new material packaging company Green Package Solution Co., Ltd.
Photo by Green Package Solution

[Asia Economy Reporter Kim Jong-hwa] Green Package Solution Co., Ltd. recently announced on the 6th that it has achieved a cumulative investment of 10 billion KRW and plans to expand its production scale to an annual mass production system of 2 billion eco-friendly packaging products.

Green Package Solution recently attracted an investment of 10 billion KRW from K&Partners Investment, Isu Startup Investment, Innopolis Partners, Inlight Ventures, BSK Investment, and POSCO Technology Investment.

Accordingly, Green Package Solution plans to expand its '6OUT' production facility in the Gumi National Industrial Complex, increasing the current annual production capacity of 200 million eco-friendly packaging products to 2 billion units by 2024.

The eco-friendly new material packaging '6OUT,' trademarked by Green Package Solution, is made from plant-based raw materials and naturally decomposes within six months. When buried in the ground, it decomposes naturally in a short period, turning into compost that benefits nature, thereby overcoming environmental pollution issues.

6OUT, gaining attention as a plastic alternative, has been mass-supplied to premium brand products of the top domestic cosmetics company since last year. This year, it is expanding its application as a plastic alternative container and packaging material across various categories such as cosmetics, beverages, food, and pharmaceuticals, including supplying 100% eco-friendly meal kit containers to the largest domestic distribution company.

CEO An Seong-hoon of Green Package Solution stated, "We will continuously discover solutions for the environment and differentiated ESG business models to establish ourselves as a leading eco-friendly solution specialist company in Korea," adding, "We will also actively contribute to job creation and revitalization of the local economy."

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