Solgo Biomedical Signs Business Agreement with Hanguk Cosmetics... Strengthening Cooperation in Distribution Sector

Solgo Biomedical (CEO Kim Il) announced on the 26th that it has signed a business agreement to strengthen cooperation in sales and distribution with Hankook Cosmetics (CEO Lee Yong-jun).

The two companies visited Solgo Biomedical's headquarters in Pyeongtaek, Gyeonggi Province, and Hankook Cosmetics' Cheonggyecheon headquarters in Jongno-gu this month to discuss detailed implementation guidelines regarding specific distribution, service strategies, and logistics to be carried out in the future.

This agreement marks the first strategic business partnership between a medical device specialized company and a cosmetics specialized company. The two companies focused on creating synergy in the existing distribution sector based on mutual cooperation.

With a 50-year history, Solgo Biomedical plans to provide medical devices in the healthcare sector through mutual cooperation and is scheduled to launch a new concept healthcare product combining sleep and massage functions called ‘iSleepWell’ this year.

Hankook Cosmetics, with a 62-year history, supplies prestige products that concentrate long-standing technologies such as skincare and inner beauty, and launched seven items of the fermented concept prestige skincare brand ‘Hyo-um’ in 2024.

Solgo Biomedical and Hankook Cosmetics plan to begin full-scale distribution through nationwide dealerships affiliated with both companies starting in February.

A company representative stated, “The partnership between the two companies is a business cooperation between long-established companies with a combined history of over 100 years, aiming to provide customers with high-quality products and optimal services in beauty and healthcare,” adding, “We will present new solutions required in the aging society.”

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