Cosmos Wallpaper Decides to Merge Absorptively into KSW

[KS Group Chairman Park Sik-soon]

KS Group (Chairman Park Sik-soon) announced that its affiliate Cosmos Wallpaper will be absorbed and merged into KSW.

Even after the absorption merger, considering consumers who value the Cosmos Wallpaper brand, the brands will continue to operate simultaneously with Cosmos Wallpaper, KS Wallpaper, and Jeil Wallpaper each maintaining their competitiveness.

KSW received the only "Ten Million Dollar Export Tower" award in the domestic wallpaper industry at the 59th Trade Day ceremony. Jeil Wallpaper has established itself as a wallpaper company by winning the "2022 Best Brand & Tech Company Award," hosted by Money Today and Dongguk University Industry-Academic Cooperation Foundation, and supported by the Win-Win Growth Committee and the Korea Federation of SMEs.

In addition to these wallpaper companies, KS Group operates several affiliates including KNP Inotech, which processes cold-rolled steel sheets for automotive use and supplies Hyundai and Kia Motors; KSW, which manufactures automotive AI sensors; and KNP Logistics, which is engaged in logistics business.

Chairman Park Sik-soon, who leads KS Group, emphasizes horizontal leadership and stresses field- and market-centered management by directly communicating with all employees, dealerships, and overseas buyers. The management style is also characterized by no discrimination based on education, gender, or between office and production workers.

Chairman Park Sik-soon stated, “In 2023, I am confident that the three wallpaper brands will create synergy and stand tall at the top of the wallpaper industry. We will continue to develop creatively advanced designs and competitive products that consumers enjoy, enhancing beauty and the value of spaces, to overcome the global economic downturn.”

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