Shinhan Bank Visits Leading K-Beauty Company to Discuss Financial Support

Shin Sanghyuk, President of Shinhan Bank, visited Seoul Cosmetics, a cosmetics OEM·ODM specialist company located in Namdong-gu, Incheon, on March 10, 2026. During his visit, he toured the production site and discussed financial support measures.

Sung Hyuk Jung, President of Shinhan Bank (front row, first from left), visited the Seoul Cosmetics Incheon Plant located in Namdong-gu, Incheon, on the 10th and is receiving an explanation from Chairman Kwangseok Han (front row, center) and CEO Jungsu Han (front row, first from right). Provided by Shinhan Bank

Seoul Cosmetics is a company that has led both the domestic and international cosmetics markets based on its many years of experience and research and development (R&D) capabilities. In line with the rising status of K-beauty in the global market, the company is rapidly expanding its business scope by increasing overseas orders, upgrading production facilities, and developing new products.

On February 11, 2026, Shinhan Financial Group held the 'Group Productive Finance Promotion Committee' to discuss ways to enhance the execution and effectiveness of productive finance. This site visit was also carried out as an extension of the group's strategy to expand productive finance.

On the day of the visit, President Shin met with Han Kwangseok, Chairman of Seoul Cosmetics, and Han Jungsu, CEO, to hear about their plans to expand production capacity in response to global market growth and their mid-to-long-term growth strategies. He then toured the research center and production facilities to review the status of equipment operations and the overall process of new business initiatives. During an on-site meeting, discussions were held on strengthening supply capabilities to accommodate rising export volumes, developing new product formulations in line with global trend changes, and the financial and non-financial support needed during overseas expansion.

President Shin stated, "We will further expand tailored collaboration and financial support so that companies with outstanding technological strength and growth potential can secure competitiveness in the global market," adding, "We will continue to strengthen field-oriented partnerships."

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