CNCI International raises 30 billion KRW through convertible bonds to expand its operations in the U.S. and Chinese markets, capitalizing on the indie beauty trend.

Target Information

CNCI International is a specialized ODM (Original Design Manufacturer) firm focused on color cosmetics, recently securing strategic investment aimed at expanding its presence in the U.S. and Chinese markets. The company plans to leverage this investment to build strong relationships with global stakeholders and capture new customers in the rapidly growing indie beauty brand sector worldwide.

CNCI International announced on January 20th that it has issued convertible bonds (CB) to raise 30 billion KRW. The investment round saw participation from Ascent-IBKC New Technology Business Investment Partnership No. 1, which is actively involved in the capital markets under the management of Ascent Equity Partners (Ascent EP).

Industry Overview

The beauty industry, particularly in South Korea, has experienced remarkable growth, with the indie beauty segment becoming increasingly dominant both locally and internationally. Indi