KT&G ( originally named as ‘Korea Tobacco & Ginseng’ which later changed to ‘Korea Tomorrow & Global Corporation ) is the leading tobacco company in South Korea , but has significant affiliates such as a ginseng corporation.
KT&G bought over Somang Cosmetics Co. ( which produces brands such as BeautyCredit, Ecopure, Danahan ) on June 24th 2011 to expand into the cosmetic area – and now is ready to to introduce their first brand since the merge – another Oriental Medicine skincare brand called LLang ( 랑(朤) ). KT&G expects to create synergy from the mixture of its own facilities for raw material supply, and R&D in pharmaceutical areas, ginseng and other health foods that it produces with Somang's R&D, production know-how and distribution channels. The tobacco company plans to expand its Oriental medicinal herb cosmetics line by taking advantage of Somang's cosmetics production and marketing capacities.
For the full article : http://hope-inablog.com/llang/ktg-buys-over-somang-cosmeticsreleases-first-oriental-medicine-brand/
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