Farouk Systems recently announced a joint venture with LG Household and Health Care, resulting in the formation of a co-owned South Korean corporation named LG Farouk Co. LG Farouk Co. aims to bring the latest technology and advancements to the beauty industry, and plans to establish a manufacturing facility in Korea to better serve distribution channels in Asia. Each company will combine their expertise in technology and product formulations to deliver new product concepts.
Farouk Systems will also distribute LG Household and Health Care’s skincare brands through its worldwide distribution channels in the professional salon industry. The lines will include existing products with an expansion plan to include antiaging and hydrating skin care, as well as technologically advanced devices.
According to Farouk Systems founder, Dr. Shami, “This union will not only provide a new form of science from LG, but a fresher approach combining art and innovation that Farouk Systems is famous for. Together, we will be able to create and manufacture a whole new future of technology for the beauty industry.”
LG Electronics was founded as GoldStar (Hangul:금성) and produced South Korea's first radios, TVs, refrigerators, washing machines, and air conditioners. LG Household and Health Care, Ltd. today is a South Korean multinational company headquartered in Yeouido-dong, Seoul, and a member of the LG Group, employing over 200,000 people working in 130 countries.
For more information, please visit farouk.com.