Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
6
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
9
Opposition chief acquitted of instigating perjury
-
10
Job creation lowest on record among under-30s
[THE INVESTOR] AmorePacific, South Korea's largest cosmetics maker, plans to build a plant in Malaysia by 2020 in response to the growing demand from Southeast Asian markets, the company said on Sept. 5.
The board of AmorePacific has decided to invest some 110 billion won (US$99.38 million), which is 3.26 percent of the firm’s equity capital, for setting up the new factory in Nusajaya, Johor, in Malaysia.
It will be the beauty product maker’s third overseas plant after establishing one in France and China.
“We hope that the expansion of the production site will give an impetus to our growth in the Asian market,” an AmorePacific official said.
By Park Han-na (hnpark@heraldcorp.com)
The board of AmorePacific has decided to invest some 110 billion won (US$99.38 million), which is 3.26 percent of the firm’s equity capital, for setting up the new factory in Nusajaya, Johor, in Malaysia.
It will be the beauty product maker’s third overseas plant after establishing one in France and China.
“We hope that the expansion of the production site will give an impetus to our growth in the Asian market,” an AmorePacific official said.
By Park Han-na (hnpark@heraldcorp.com)
