AmorePacific to expand R&D, production facility in Yongin
Mar 14, 2017
AmorePacific Corp., South Korea's top cosmetics maker, unveiled a plan Tuesday to spend more than 160 billion won ($139.6 million) on expanding its research and development and production complex, as part of its efforts to bolster competitiveness through more investment. The company signed a memorandum of understanding with the Gyeonggi provincial government earlier in the day for a project to expand its R&D and production facilities in Yongin, 49 kilometers south of Seoul, it said in a statemen