SUNJIN was very busy in the first half of 2022.

After listing on KOSDAQ in 2021, we held a shareholders' meeting for the first time, sold the Ansan factory site, closed the operation of the Ansan factory, completely moved production to Janghang factory, and moved our headquarters to Gasan Digital Industrial Complex in Seoul in August.

So, let me tell you about the company's new vision.

First of all, SUNJIN will be on the top of Korean cosmetics raw materials market. Specifically, the goal is to become the world's top silica manufacturer for cosmetics materials and the world's top 5 UV protection manufacturer, with sales of 100 billion won and exports of 70 million dollars. I think it will not take that long to achieve.

SUNJIN will develop new OTC & ODM business.

We'll set up a new brand business. It's a famous story in the IT industry, which Steve Jobs often quoted.
“If you are really serious about software, you should make your own hardware” - Alan Kay

i-Recipe is a brand(Hardware) created by a global hidden champion, a cosmetics raw materials(Software) expert. Starting with the cosmetics materials business, expanding the business area to brand business and ODM is a rare example to find even in abroad. However, Sunjin Beauty Science challenges the path of beauty care platform, which is the Road not taken.

SUNJIN Beauty will become a beauty care platform company.

Most of the companies that have recently been in the spotlight globally are oriented toward platform business. Especially based on our overwhelming recognition in the B2B cosmetics raw materials market in Korea and abroad, we will strengthen our cosmetics raw materials distribution business as a platform as well as our own manufactured cosmetics raw materials business.