It’s Skin announces merger with Hanbul to shore up Chinese business

It’s Skin announces merger with Hanbul to shore up Chinese business

It’s Skin has announced a merger with its parent company Hanbul in a bid to build is international presence, particularly in the Chinese market, according to a report published by The Investor.

It’s Skin will take over Hanbul’s R&D center and production facilities in Korea and China, including a plant currently under construction in Huzhou, China. The two companies will henceforth be known under a single name, It’s Hanbul.

“Through this merger, It’s Hanbul will become a leader in the industry by transforming itself into a comprehensive cosmetics company that will cover all aspects of R&D, manufacturing facilities, marketing and sales,” It’s Skin CEO Yoo Geun-jik told The Investor.

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