IMCD strengthens its presence in South Korea

Dongjoon Lee, Managing Director of IMCD Korea et Seung-Ho Cha, Founder and CEO of Dong Yang FT.

The Dutch group has announced the acquisition of 100% of Dong Yang FT, its South Korean counterpart specialising in cosmetic ingredients, which was founded in 2009. With its R&D laboratory and 14 employees, the distributor posted sales of KRW 55.3 billion (approximately €32.6 million) in 2024. The transaction, subject to regulatory conditions, is expected to be finalised in the first quarter of 2026.