The two companies decided to collaborate on the research of cosmetic ingredients derived from new strains of skin microorganisms and the development of new environmentally friendly dosage forms.
Today (July 10), COSMAX announced that it cooperates with L’Oréal Group in the field of “green science (science of biology, ecosystem, and environment)” and microbiome technologies.
On June 29, COSMAX Korea and L’Oréal Group signed an MOU on “Innovative beauty product development solutions based on green science and skin micro-ecology technology” at COSMAX Banqiao office building. They decided to collaborate on the research of cosmetic ingredients derived from new skin microbial strains and the development of new eco-friendly and develop new environmentally friendly dosage forms.
The signing ceremony was attended by COSMAX Group Chairman Kyung-Soo Lee and L’Oréal Group Deputy CEO of Global R&D, Innovation and Technology Barbara Lavernos.
Barbara Lavernos said, “We hope to strengthen our cooperation with COSMAX in the field of green science and microbiome technologies through this MOU, to take advantage of synergies and innovate beauty solutions together.”
President Kyung-Soo Lee said, “Since 2004, COSMAX Cosmetec and L’Oréal Group have been cooperating strategically in many fields”, “This MOU is an important step for the future development of the industry for both parties”.
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