Comprehensive paper company KleanNara is moving to diversify its business. It plans to expand into healthcare and beauty devices to respond to the contraction of the traditional paper market.
KleanNara said on Mar. 4 it will submit a partial amendment to its articles of incorporation to the shareholders meeting on the 27th to add the distribution and sales of healthcare devices and beauty devices to its business purposes. The company said it aims to establish a legal basis for pursuing new businesses through the amendment.
The decision is seen as a move to secure new growth engines as demand for traditional paper, including printing paper, declines due to digital transformation. KleanNara posted 508.2 billion won in revenue in 2025, down 5.4% from a year earlier. Over the same period, its operating loss widened to 22.6 billion won from a 900 million won operating loss a year earlier.
KleanNara will also discuss the agenda of reappointing executives at the shareholders meeting. It will put forward the reappointment of CEO Lee Dong-yeol and Chief Operating Officer Choi Jeong-gyu as inside directors. COO Choi Jeong-gyu is the younger brother of Chair Choi Hyun-su, the third-generation head leading KleanNara.
KleanNara will hold its shareholders meeting on the 27th.