Amorepacific, who already owned 38.4% of COSRX shares, has introduced the acquisition of the 288,000 remaining shares held by COSRX’s largest shareholder and associated events for 755.1 billion gained. Following this transaction, Amorepacific is predicted to personal 93.2% of COSRX shares. As a consequence, the model can be built-in as a subsidiary of the South Korean group.

Based in 2013, COSRX is a hypoallergenic skincare model designed for delicate pores and skin. Centered across the ’Superior Snail’ line and ’The RX’ line, it has skilled speedy progress, establishing itself as a rising world skincare participant. In keeping with Amorepacific, the corporate has proven a median annual gross sales progress fee of over 60% previously three years, reporting 204.4 billion gained in 2022. This yr, within the first half alone, it has achieved 190.2 billion gained in gross sales and 71.7 billion gained in working revenue, persevering with its sharp progress pattern.

Furthermore, the model has expanded to round 140 international locations, together with North America, Southeast Asia, Europe, and Japan, with abroad gross sales accounting for over 90% of its complete. Because it entered Amazon in 2018, important merchandise such because the ’Superior Snail 96 Mucin Energy Essence’ have topped the Magnificence & Private Care class, notably distinguishing itself within the North American market. Moreover, COSRX has been acknowledged as a model with distinctive digital communication capabilities, evidenced by its TikTok problem launched in 2022, which noticed over 2.1 billion cumulative hashtag views.

After the fairness funding in 2021, each corporations co-developed and launched merchandise corresponding to ’The Vitamin C 23 Serum’ and ’The Retinol 0.1 Cream’ from COSRX’s next-generation core line, The RX, reaching success abroad. On this vein, Amorepacific plans to speed up its world enlargement by way of multifaceted collaboration with COSRX, which boasts robust world competitiveness.