Tritonix.ai

News / Korea / yonhap_finance

K-Beauty ODM Giants Dominate Global Market with Record-Breaking Earnings

Consumer Non-Durables · Household/Personal Care · yonhap_finance · 2026-08-22

Cosmax and Kolmar Korea have secured the top two spots in the global cosmetics ODM market, posting record revenues driven by strong demand for K-beauty.

What Happened

Global Market Leadership: South Korean ODM giants Cosmax and Kolmar Korea have solidified their positions as the world's top two cosmetics manufacturers. They have successfully outperformed Italy's Intercos, capturing significant market share in the global beauty industry.

Cosmax's Record Performance: Cosmax reported record-breaking quarterly revenue of 794.9 billion won in Q2, driven by growth across all regions. Notably, the company achieved its first-ever operating profit in its U.S. division, marking a significant milestone.

Kolmar Korea's Growth: Kolmar Korea also posted record-high earnings in its cosmetics division, securing its second-place position. The company's success is attributed to the surging demand for sun-care products and expanded partnerships with multinational corporations.

Competitive Edge: The success of K-ODM firms stems from their agility in responding to the rise of indie beauty brands and their superior technical capabilities in skincare and sun-care formulations. In contrast, Intercos has struggled to keep pace with these rapid market shifts.

Read original

More in Consumer Non-Durables

YFY Consumer Products Targets Growth Through Diversification and Channel Expansion

Consumer Non-Durables · economic_daily · 2026-08-23

YFY Consumer Products plans to reduce reliance on paper goods by scaling its non-paper categories and expanding distribution partnerships to drive long-term growth.

6790

South Korean Liquor Firms Face Profit Slump and Layoffs Amid Shifting Drinking Trends

Consumer Non-Durables · yonhap_finance · 2026-08-23

Major South Korean alcohol producers are cutting costs and staff as traditional liquor sales decline, pivoting toward low-alcohol and non-alcoholic products.

Cosmetics, Gold, and Biotech ETFs Shine Amidst Stagnant KOSPI

Consumer Non-Durables · yonhap_finance · 2026-08-22

While the KOSPI remains range-bound, ETFs focused on cosmetics, gold, and biotechnology are delivering strong returns as capital shifts toward earnings growth.

161890, 257720, 278470

Latest in Korea

Kiwoom Securities Concludes 4th Cohort of 'Kiwoom Digital Academy'

Finance · yonhap_finance · 2026-08-24

Kiwoom Securities has successfully wrapped up its 4th Digital Academy program, training job seekers in financial data skills, with the 5th cohort starting soon.

039490

Equal-Weight S&P 500 ETFs Outperform as Market Leadership Broadens

Finance · yonhap_finance · 2026-08-24

Equal-weight S&P 500 ETFs are gaining traction as investors seek to mitigate concentration risks associated with mega-cap tech stocks.

SK Securities Hosts Domestic Roadshow for Singaporean AI Firm Vizzio

Technology Services · yonhap_finance · 2026-08-24

SK Securities facilitated a roadshow for Vizzio Technologies, a Singapore-based AI and digital twin firm, to connect with South Korean institutional investors.

001510

Alibaba Launches $1.8B Share Offering to Fuel AI Infrastructure Expansion

Technology Services · yonhap_finance · 2026-08-24

Alibaba has initiated a $1.8 billion share offering in Hong Kong, pledging to allocate all proceeds toward scaling its artificial intelligence infrastructure.