The Road not Taken
- Robert Lee Frost
Sunjin is a company specialized in manufacturing cosmetic materials
The cosmetic material industry can be considered as follows:
1) Beauty and health care industry are high growth industry where the industry grows rapidly as the country’s per capita GDP increases. This means the more income of individual increases; the more individual would expend money on health and beauty. This is tendency of human desire.
2) Material industry is a typical B2B industry with high barriers to enter the business as it requires building up long term relationships between the B2B companies. This is one of the reasons why world’s leading cosmetics companies are generally from developed countries such as Europe, US, and Japan.
This is current state of Sunjin:
Sunjin is a gradually inclining company
Sunjin is a company contributes to the national economy by exporting overseas
As of 2019, over 75 % of the sales revenue is from the overseas exports.
During 16 years from 2003 to 2019, exportation increased 29 times from 1 million to 29 million dollars.
Thereby Sunjin received award for the 3 million dollars export tower in 2008, the 5 million dollars export tower in 2010, the 10 million dollars export tower in 2011, the 20 million dollars export tower in 2017, and most recently the 30 million dollars export tower in 2020.
Sunjin is pro-active company with young and trendy employees
As of 2020, Sunjin has 109 numbers of employees with an average age of 35 actively working for the company.
Completion of FDA Plant
In May 2018, Sunjin began the construction of Janghang FDA plant at Seocheon-gun, Chungcheongnamdo, Janghang Industrial Complex and the construction completed in June 2019. The total construction cost of Janghang FDA plant was approximately 50 million dollars.
Janghang FDA plant is designed to meet the active pharmaceutical ingredients (API) good manufacturing practice (GMP) standard requirement by the US FDA for the cosmetic materials used in sunscreen products.
First Korean cosmetic material company certified by the FDA
In Sept 2019, Sunjin had an FDA inspection. As a result, Sunjin passed the inspection with No Action Indicated (NAI) grade by the FDA. Sunjin was the first Korean cosmetic material company ever passed the FDA inspection. In addition, currently Sunjin is the only Korean cosmetic material company available manufacturing sunscreen materials with FDA certification. In addition, in Asia excluding Japan, Sunjin is the first inorganic sunscreen manufacturer with FDA certification.
World first and only R&D pipeline
Sunjin has high level of the technology as a cosmetic material industry. This is because Sunjin has broad technology scope and developing many innovative cosmetic materials with these combined advanced technologies.
Sunjin has many technologies which include nano-technology, encapsulation and composition technology, Hectorite based active ingredient delivery technology, microbeads synthetic technology, surface treatment technology, and cosmetic formulation technology. Based on these technologies, Sunjin is developing and producing many innovative cosmetic materials including micro beads, UV filters, and skin care formulation.