AmorePacifc has announced plans to set up a new production and distribution facility in Korea’s Gajang-dong, Osan-si, Gyeonggi-do area, according to a report published by Reuters.

The K-beauty giant is in the process of purchasing land from the Korea Land and Housing Corporation.

The transaction is valued at KRW46.2 billion for the land purchase alone, which includes the site and current buildings.