Cosmax, a South Korean ODM (Original Development Manufacturing) cosmetics company, reported annual sales of over 2 trillion won, fueled by the rapid growth of indie brands and the popularity of 'K-Beauty' (Korean cosmetics and skincare). The company's sales increased by 21.9% to 2.1661 trillion won, and operating profit rose by 51.6%. Notably, its Thai and Indonesian subsidiaries experienced significant growth, with Indonesian sales surpassing 1 trillion won for the first time since 2011. Cosmax plans to continue expanding by targeting diverse regional markets and introducing new products tailored for younger consumers. However, its U.S. subsidiary saw a slight decrease in sales.
