Leading OEM/ODM cosmetics manufacturers South Korea 2021, by revenue
In 2021, Cosmax was the largest cosmetics manufacturer in South Korea with its revenue of around 1.59 trillion South Korean won. Following was Kolmar Korea, which is a cosmetic manufacturer that introduced the ODM (Original Design Manufacturing) business model for the first time in South Korea. ODM companies take over the entire process from R&D to production by receiving a request by a customer company.