*This content was translated by AI.
Global retail solution company Soluem announced on the 15th that GDK Cosmetics, acquired in June last year, has demonstrated clear growth in key management indicators on the first anniversary of the acquisition.
In the year prior to the acquisition (July 2024 to June 2025), GDK Cosmetics recorded sales of approximately 50.7 billion won and an operating profit of approximately 5.7 billion won (operating profit margin 11.3%). In the year following the acquisition (July 2025 to June 2026, including some estimates), sales are expected to reach approximately 68.4 billion won and operating profit approximately 9.4 billion won (operating profit margin 13.8%). Sales increased by 35% and operating profit by 64%, while the operating profit margin rose by 2.5 percentage points. Sales in the first half of 2026 are expected to grow by approximately 40% compared to the same period last year, and the first-quarter operating profit margin of 16.7% indicates that the growth trend continues.
Soluem's global infrastructure is cited as the main reason for this growth. Soluem supplies electronic shelf labels (ESL) to approximately 44,000 stores in about 50 countries and directly connected its network of local subsidiaries and partnerships to GDK Cosmetics' export channels. Export destinations, previously centered on Europe and the United States, have expanded to include the UAE, Canada, China, Kazakhstan, Poland, and Sweden. Direct and indirect export sales increased annually by approximately 35%, rising from 17.5 billion won in 2023 to 32.1 billion won in 2025. The goal is to reach the 20th million dollar export tower by the end of this year.
Strengthening technological competitiveness is also accelerating. GDK Cosmetics has appointed a new head of R&D and is expanding its research infrastructure, while simultaneously working to internalize formulation and raw material technologies through national institutional investor collaboration programs with the Small and Medium Business Administration (SBA), Gyeonggi, and Incheon Creative Economy Innovation Centers. Additionally, the company has declared its transformation into a global comprehensive cosmetics company encompassing OBM, ODM, and OEM, and has completely revamped its brand identity (BI). It is on an upward trajectory, having earned the EcoVadis Committed badge and been selected as a global strong SME by the Ministry of SMEs and Startups.
GDK Cosmetics Myeong Jin-seung (CEO) director stated, "This growth is not merely an expansion of scale but the result of structural synergy combining Soluem's global distribution network with GDK Cosmetics' manufacturing competitiveness," and added, "We will continue to achieve sustained growth by expanding into global markets and developing high-value-added products."
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*This content was translated by AI.
