By Hyunjoo Jin PANGYO, South Korea (Reuters) - South Korea's Cosmax Inc , the world's biggest cosmetics manufacturer, rejected buyout offers from two large local conglomerates in the past year and has no interest in selling as it expects continued revenue growth propelled by Asian demand, its chairman and chief executive told Reuters. The company's North Korean-born founder, Lee Kyung-soo, also said North Korea's cosmetics market has great potential for growth and he would like to build a cosmetics factory there should South Korea and the United States guarantee business activity in the isolated state.
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Wednesday, 1 August 2018
Exclusive: Cosmax CEO says he has rejected two takeover offers, wants to stay independent
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