Cosmecca Korea Signs ₩200 Billion Manufacturing Investment Agreement - Yonhap

Cosmecca Korea Co., Ltd. (241710) signed a ₩200 billion investment agreement on Wednesday. Yonhap reported the agreement with North Chungcheong Province and Cheongju.

The company plans to build new cosmetics manufacturing facilities under the agreement. The local governments signed with Cosmecca Korea as the planned investor. The supplied candidate text did not provide the construction timetable, plant capacity or employment target. The agreement states the total investment scale in Korean won.

Cheongju is the proposed location for the manufacturing investment. The company's market capitalisation was ₩1.3 trillion at Wednesday's close.

Sources

  1. Yonhap
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