[THE INVESTOR] Korean cosmetics maker Coreana on June 20 signed a 285 billion won (US$ 245 million) supply deal with China’s Y&F.

Under the contract, the Chinese firm will import and market Coreana’s Orthia brands cosmetics products over the next five years.

Korean retailer Songjung will act as Y&F’s import channel for the cosmetics.

Coreana said that the deal will provide the company with diverse marketing channels in China.

By Choi He-suk ()


koreaherald@heraldcorp.com