Hyundai Bio's joint venture Vitabreed Japan grows 40% to exceed KRW 96 billion

Hyundai Bioscience (CEO Sangki Oh) announced on the 7th that its Japanese joint venture 'VITABRID JAPAN' achieved sales of 8.4 billion yen (KRW 96 billion) in 2019, a 40% increase from the previous year.

Despite the COVID-19 pandemic that has swept the world, Vita Breed Japan has maintained a solid growth trend, recording sales of 9.3 billion won in March, up 9% from the previous year, and is expected to easily exceed its sales target of 120 billion won this year.

'Vitabreed Japan' is a local corporation established in 2014 as a joint investment between Hyundai Bio and Japan's largest marketing group, Vector. It is considered a leading player in the Japanese K-beauty cosmetics market by leading the vitamin C craze in the conservative Japanese cosmetics market.

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