[THE INVESTOR] Korean cosmetics maker
Coreana on June 20 signed a 285 billion won (US$ 245 million) supply deal with China’s Y&F.
Under the contract, the Chinese firm will import and market Coreana’s Orthia brands cosmetics products over the next five years.
Korean retailer Songjung will act as Y&F’s import channel for the cosmetics.
Coreana said that the deal will provide the company with diverse marketing channels in China.
By Choi He-suk (
cheesuk@heraldcorp.com)