Vice Chairman and CEO Choi Kyung of COSMAX said on the 26th that the company would solidify its positioning as the global No. 1 beauty original design manufacturing (ODM) corporations.
CEO Choi said at the 12th regular shareholders meeting held the morning of the 26th at the Hwaseong Welfare Center in Gyeonggi Province, "We intend to make great efforts in 2026 to enhance profitability and streamline management alongside stable sales growth," and stated accordingly.
Choi said, "In particular, keeping pace with the era of artificial intelligence (AI), we will strengthen companywide digital capabilities and advance our operating system, while continuing innovations in the manufacturing and research and development (R&D) institutional sector as well."
COSMAX plans to make every effort this year to achieve the break-even point (BEP) at its U.S. subsidiary. In Southeast Asian markets, it plans to build an additional growth platform by strengthening partnerships with client companies and expanding its OBM (original brand manufacturing) business.
Last year, COSMAX posted record results on the back of the expanding influence of K-beauty. Last year's sales came to 2.3988 trillion won, up 10.7% from a year earlier, and operating profit reached 195.8 billion won, up 11.6%.
At the shareholders meeting that day, all agenda items were approved as originally proposed, including: ▲ approval of the financial statements ▲ appointment of inside and outside directors ▲ appointment of auditors ▲ partial amendment of the articles of incorporation ▲ approval of compensation limits.