Solgo Biomedical (CEO Kim Il) announced on the 26th that it has signed a business agreement to strengthen cooperation in sales and distribution with Hankook Cosmetics (CEO Lee Yong-jun).
The two companies visited Solgo Biomedical's headquarters in Pyeongtaek, Gyeonggi Province, and Hankook Cosmetics' Cheonggyecheon headquarters in Jongno-gu this month to discuss detailed implementation guidelines regarding specific distribution, service strategies, and logistics to be carried out in the future.
This agreement marks the first strategic business partnership between a medical device specialized company and a cosmetics specialized company. The two companies focused on creating synergy in the existing distribution sector based on mutual cooperation.
With a 50-year history, Solgo Biomedical plans to provide medical devices in the healthcare sector through mutual cooperation and is scheduled to launch a new concept healthcare product combining sleep and massage functions called ‘iSleepWell’ this year.
Hankook Cosmetics, with a 62-year history, supplies prestige products that concentrate long-standing technologies such as skincare and inner beauty, and launched seven items of the fermented concept prestige skincare brand ‘Hyo-um’ in 2024.
Solgo Biomedical and Hankook Cosmetics plan to begin full-scale distribution through nationwide dealerships affiliated with both companies starting in February.
A company representative stated, “The partnership between the two companies is a business cooperation between long-established companies with a combined history of over 100 years, aiming to provide customers with high-quality products and optimal services in beauty and healthcare,” adding, “We will present new solutions required in the aging society.”
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