Aekyung Industry Merges with ONE THING to Strengthen Skincare Business

Aekyung Industry announced on June 16 that it is accelerating its cosmetics business by merging with its subsidiary skincare brand ONE THING. ONE THING was acquired by Aekyung Industry in 2022.

According to Aekyung Industry, the merger was conducted as a small-scale merger, concluding the process with board approval and without a separate shareholders' meeting. The creditor objection period ran from May 11 to June 11, and the merger took effect on June 12, finalizing the absorption process. Aekyung Industry aims to enhance operational efficiency in its skincare business and strengthen brand competitiveness through this merger.

This merger is part of Aekyung Industry's growth strategy to become a "global total beauty company" since its integration into the Taekwang Group. Recently, Aekyung Industry has reorganized its cosmetics business structure, establishing a new skincare division and creating a marketing sector to bolster brand competitiveness.

Following the merger with ONE THING, Aekyung Industry plans to review the overall portfolio of its skincare brands and establish a mid- to long-term growth roadmap. The company intends to accelerate its efforts to penetrate global markets by strengthening differentiated strategies for each brand. An Aekyung Industry representative stated, "We will combine the brand assets of ONE THING with Aekyung Industry's business capabilities to develop a competitive skincare brand in the global market."

Meanwhile, Aekyung Industry, which began its new chapter as a subsidiary of Taekwang Group in March, plans to increase its cosmetics sales proportion from 32% last year to over 50% by 2028. The company also aims to gradually expand its global sales share, reducing its dependence on China and diversifying into overseas markets.