SEOUL-- Aekyung Industry Co., a major South Korean household and personal care products maker, said Tuesday it has established an affiliate in China as it attempts to tap deeper into the world's No. 2 economy.
Aekyung said it set up the new company, wholly owned by the South Korean firm, four years after it first entered the neighboring market with a liaison office in Guangzhou in 2013.
The company said its sales in China have been rapidly expanding, having posted 42 percent growth in 2015 and 112 percent expansion in 2016.
Source: Yonhap News Agency