Kolmar Korea has been selected as one of the '2025 world's best sustainable growth corporations' by Time magazine.
On Nov. 11, Kolmar Korea announced that it ranked 125th in Time magazine's evaluation of 70 million companies worldwide. It is the only corporation in the domestic cosmetics industry to make it into the top 500. Based on overall evaluation scores, it is included in the top 15% of 3,000 major global corporations.
The 'world's best sustainable growth corporations' selected by Time magazine are determined by a final ranking that combines a corporation's sales growth, financial stability, and environmental impact based on data held by the global market research firm Statista, with equal weighting.
This survey targeted more than 70 million corporations across 150 countries and 170 industries, of which 23 were Korean corporations. JYP Entertainment (3rd) had the highest ranking, followed by Samsung Biologics (52nd), LS Electric (62nd), and Hanwha Aerospace (100th) within the top 100.
Kolmar Korea recorded an overall score of 81.44. Its average annual growth rate (CAGR) over the past three years was also 17%, placing it in the top 25% for sales growth metrics and the top 40% for financial stability evaluation metrics.
Kolmar Korea has focused on co-growth with small indie brands. It also introduced eco-friendly packaging materials, such as paper tubes and paper sticks, that reduce plastic usage, being the first in the domestic industry.
Yoon Sang-hyun, Vice Chairman of Kolmar, said, "I am pleased to be recognized as a sustainable growth corporation in the global market," adding, "We will continue to fulfill our responsibilities as a global leader representing Korea by strengthening ESG (environmental, social, governance) management and technological innovation."