CHEONGJU — Cosmecca Korea will invest 200 billion won ($144 million) to build an advanced skincare plant in the Ochang Science Industrial Complex in Cheongju, North Chungcheong Province.
North Chungcheong Province said on the 9th that the province, Cheongju City and Cosmecca Korea signed an investment agreement for the new cosmetics manufacturing facility at the provincial government complex.
Cosmecca Korea plans to invest a total of 200 billion won from 2026 through 2030. The company will build an advanced skincare plant with a floor area of 58,862.83 square meters on a 50,174.3-square-meter site in the Ochang Science Industrial Complex in Oksan-myeon, Heungdeok-gu, Cheongju, expanding production capacity to meet global market demand.
Construction is set to begin in September this year, with the first phase of operations starting in 2027 and facilities to be built out in stages through 2030. The project is expected to create 500 new jobs, contributing significantly to the local economy.
"By making a preemptive investment in the Ochang Science Industrial Complex, we aim to secure a core base as a global leader in K-beauty," Cosmecca Korea Chairman Cho Im-rae said.
Shin Yong-han, governor of North Chungcheong Province, said the province would spare no administrative support to ensure the success of Cosmecca Korea's AX transition and its efforts to build global growth momentum.
