South Korea`s largest cosmetics maker Amorepacific Corp. plan to create an industrial complex in Yongin, Gyeonggi Province to expand its research & development (R&D) facilities.
According to Yongin City Tuesday, the cosmetics giant has submitted the plan for investment at 32.9 billion won ($27.3 million) to purchase a lot of 231,000 square meters to complete furnishing the area by 2019. The plan is awaiting final approval from the Ministry of Land, Infrastructure, and Transport (MOLIT).
Amorepacific currently operates its second laboratory center in Yongin.
By Park Eun-jin
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