Korean Kolmar Reports Record Q1 Operating Profit of 78.9 Billion Won Amid K-Beauty Export Surge

Korean Kolmar, a cosmetics contract manufacturer, reported its highest-ever quarterly performance in the first quarter of this year, driven by a surge in global demand for sun care products in anticipation of early summer heat.
 
According to the Financial Supervisory Service's electronic disclosure system on May 8, Korean Kolmar's consolidated operating profit for the first quarter reached 78.9 billion won, a 31.6% increase compared to the same period last year.
 
Sales rose to 728 billion won, up 11.5% year-on-year, while net profit soared by 158.7% to 60 billion won.
 
Both operating profit and sales marked the highest figures ever recorded for a single quarter. This performance is particularly noteworthy given that the first quarter is traditionally considered a slow season in the cosmetics industry.
 
Korean Kolmar, the first ODM company designated as a large business group by the Fair Trade Commission, has secured numerous global indie brand clients in the sun care and skincare sectors. Notable clients include Gudai Global's 'Joseon Beauty' and Skin Angel's 'Skin1004.'
 
In collaboration with Gudai Global, Korean Kolmar has co-developed sun care products such as 'Clear Rice Sunscreen' and 'Birch Juice Moisturizing Sunscreen,' surpassing cumulative sales of 100 million units over the past five years. The company is recognized as an ODM that has simultaneously secured competitive sun care formulations and a strong indie brand client base amid the expanding K-beauty export landscape.
 
A representative from Korean Kolmar stated, "The record performance in the first quarter was achieved due to increased orders for skincare and sun care products driven by rising summer demand, along with strong exports of indie brands."