Kolmar Group Surpasses 5 Trillion Won in Assets... First Cosmetics ODM to Join Large Business Group

Kolmar Group has become the first cosmetics ODM (Original Development Manufacturing) company to be included in the large business group designation by the Korea Fair Trade Commission.

Kolmar Group announced on April 29 that its total assets have surpassed 5 trillion won, and it has been newly designated as a large business group under the name 'Kolmar Korea.' As of the end of last year, the group’s total assets stood at approximately 5.2428 trillion won. The breakdown is as follows: Kolmar Korea with 1.529 trillion won, HK inno.N with 2.0969 trillion won, Kolmar Holdings with 546.1 billion won, and Kolmar BNH with 520.6 billion won.

Founder Donghan Yoon, Chairman of Kolmar Korea. Kolmar Holdings

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This designation is seen as the result of the company’s growth driven by a manufacturing strategy focused on research and development. Since its founding in 1990, Kolmar Group has expanded its business from cosmetics ODM to pharmaceuticals and health functional foods.

Currently, the group operates primarily in cosmetics, pharmaceuticals and bio, and health functional foods. Last year, Kolmar Korea achieved 2.7224 trillion won in sales and 239.6 billion won in operating profit. HK inno.N surpassed 1 trillion won in sales, driven by the new drug 'K-Cab' and its infusion business. Kolmar BNH also continued its growth in the health functional foods sector, recording 574.9 billion won in sales last year.

This is the first time a cosmetics ODM company has been included in the large business group designation. It is significant in that the company surpassed 5 trillion won in assets based on its manufacturing-centric business structure.

Kolmar Group plans to strengthen its disclosure and decision-making systems and enhance its global business competitiveness moving forward.

A Kolmar Holdings representative stated, "This achievement is the result of an expansion strategy that combines the entrepreneurial foundation with second-generation management," adding, "We will continue to strengthen our global competitiveness through responsible management and AI-based innovation."

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