Iran War Drives Asia's Plastic Crisis — and a Green Packaging Boom 
DEEPX Partners with Hyundai to Power Next-Gen AI Robots Ahead of IPO 
Federal Judge Dismisses DOJ Lawsuit Attempting to Block Hawaii's Climate Case Against Oil Giants 
SK Hynix Shares Hit Record High Amid AI Memory Demand Surge 
Federal Agencies Secretly Test Anthropic's AI Despite Trump Administration Ban 
TSMC Posts Record Q1 Profit Fueled by AI Chip Demand 
KKR's $820M Investment Fuels Samsung SDS AI Expansion, Sending Group Shares Soaring 
CATL Stock Hits Record High After Q1 2025 Earnings Surge 
NiSource Signs Long-Term Energy Deals with Alphabet and Amazon to Power Indiana Data Centers 
Pentagon Taps Auto Giants to Supercharge U.S. Weapons Production 
Elliott Investment Takes ~3% Stake in Daikin, Pushes for Buybacks and Strategic Overhaul 
Hermès Q1 2026 Sales Miss Expectations Amid Iran War and China Slowdown 
OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push 
CSN's Cement Unit Sale Could Exceed $2 Billion as Global Giants Circle 
Elon Musk's Terafab Foundry Courts Top Chipmaking Giants for AI Self-Sufficiency Push 
Japan Opens Arms Export Floodgates: New Policy Draws Global Defense Interest 
Amazon in Advanced Talks to Acquire Globalstar in Starlink Rivalry Move 
Cosmax Inc., a manufacturer and marketer of skincare and makeup products in South Korea, launched its perfume lab in Indonesia. The company said on Wednesday, Feb. 7, that it set up the facility to introduce its products formulated to suit the preferences of the locals.
The Korea Economic Daily reported that Cosmax also aims to expand its business in the halal perfume market in Southeast Asia. To succeed in this endeavor, it will tweak its existing products to suit the climate and tastes of the region's consumers.
Expansion to Southeast Asia
Cosmax started showcasing its products via its new R&I perfume lab in Indonesia. Moreover, as part of its market strategy, the Indonesian unit of the company organized an event called the "Cosmax Innovation Conference 2024" in Jakarta earlier this week. The theme of the conference was "Curate Your Brand Persona."
In any case, to reach their expansion goal, Cosmax Pangyo R&I Center and Cosmax Indonesia will develop cosmetics, perfumes, and skincare products that align with global trends and local consumers' preferences. For starters, the new Fragrance Lab at the Indonesian R&I Center will present halal items for the Southeast Asian perfume markets.
"The perfume market in Indonesia is projected to grow at an average annual rate of 7.4% until 2027," a source from Cosmax said. "The rising self-care trend among the Indonesian MZ generation is expected to boost both the premium and mid-low price segments."
Emerging Indonesian Market
Indonesia's economy is growing. It showed a record-high economic growth rate of five percent per year. Thus, many markets are also starting to emerge in the country. This is also why Cosmax chose it for its perfume lab and started producing halal-certified products.
"We have grown into a leading local cosmetics ODM company in the 10 years since we entered Indonesia," Cosmax Indonesia's head, Jeong Min Kyung, said in a press release. "We will lead Indonesian beauty trends, such as perfume and sun care categories, which are expected to see high growth in the future, and grow together with our customers."
Photo by: Cosmax Newsroom
