Medy-Tox signs a contract for supply of cosmetics with a local distributor in Vietnam to expand its market in Southeast Asia.

Medy-Tox announced on July 19th that it has signed a contract with PCVN, a local distributor in Vietnam, to supply its cosmetic brand 'Neuraderm'.

PCVN is a medical device and cosmetics distributor conducting business with more than 500 hospitals and spas across Vietnam, working with more than 60 local doctors.

PCVN plans to conduct aggressive online and offline sales and marketing campaigns ahead of the deal, including acquiring companies that specialize in online sales and hosting TikTok live broadcasts.

Medy-Tox intends to focus on entering the Southeast Asian market by utilizing its overseas subsidiaries and PCVN's distribution networks.

Mr. Ju Hee-Seok, Vice President of Medy-Tox, said, "We are pleased to announce the launch of the Neuroderma cosmetic brand 'Neuraderm' based on our proprietary technology. The Vietnamese market is very attractive as it has a large young population with a high propensity to consume cosmetics and shows one of the fastest growth rates among Asian countries."

[WIKI KOREA=Cho Pil Hyun, Staff Reporter]

chop23@wikileaks-kr.org

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