No.1 Cosmetics ODM Company Behind the Korean Beauty Wave

The Korean beauty industry is surging. Cosmetics exports surpassed $10 billion in 2024, a tenfold rise since first exceeding $1 billion in 2012.

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LAST YEAR, KOREA RANKED FIRST INcosmetic imports in the U.S. and Japan, the largest and third-largest markets in the world, respectively. Behind this Korean beauty wave is the world's top cosmetics Original Development Manufacturing (ODM) Company, COSMAX.

Founded in 1992, COSMAX Group's total revenue exceeded 3 trillion KRW (2 billion USD) last year, with business areas encompassing cosmetics, health supplements, and pharmaceutical ODM.

COSMAX Group’s manufacturing facilities span from Korea to the U.S., China, Indonesia, Thailand, and Australia. The group has 27 factories and partnerships with approximately 4,000 companies worldwide.