CUCKOO Homesys, which produces and sells home appliances such as water purifiers, is diversifying into cosmetics, food and beverages, and other businesses.
On the 27th, CUCKOO Homesys held a regular shareholders' meeting and approved an amendment to its articles of incorporation to add cosmetics, food and beverages, and environmental service industries as business purposes.
The new business purposes added by CUCKOO Homesys amount to a total of 19.
These include responsibility for the direct selling of cosmetics, manufacturing and selling of beauty packs, manufacturing and selling of beauty devices, manufacturing and wholesale and retail of food and beverages, processing and sales distribution of food and beverages, distribution (food products), comprehensive wholesale and retail including supermarkets, manufacturing and selling of serving robots, manufacturing and selling of automatic cooking devices, water and sewage construction, environmental related services, design and construction of purification facilities, and other environmental purification device manufacturing.
CUCKOO Homesys recorded sales of 1.0572 trillion won and an operating profit of 164.8 billion won last year, marking increases of 10.7% and 13.8%, respectively, compared to the previous year.
CUCKOO Homesys plans to promote its cosmetics and food and beverage businesses in the medium to long term to continue the upward trend in performance.
On this day, CUCKOO Homesys also passed the approval of the financial statements and the cap on director compensation as originally proposed.
CUCKOO Homesys has four registered directors led by owner-manager Gu Bon-hak. Their average compensation last year was 398 million won, while the average compensation for CUCKOO Homesys employees was 60 million won.