Cosmo First Ltd has formed a 50:50 joint venture with South Korea's Filmax Corporation, named 'Filmax Cosmo Korea Limited', to distribute, sell, and market flexible packaging products manufactured by both partners.

Korean cosmetic glass container ODM SMCG signed a strategic business agreement with Berlin-based skincare company YEPODA GmbH to design and supply more new product containers and other cosmetic packaging. SMCG is also expanding production to serve more than 20 new clients.

Samyang Foods announced it will absorb-merge its subsidiary Samyang Square Pack, a cardboard box maker, through a no-capital-increase merger, after acquiring an additional 5% stake to reach 100% ownership.

Suseok, a Dong-A ST Holdings subsidiary making packaging containers, will absorb-merge its wholly owned sister company Dongcheonsu, a beverage maker, with the merger effective on the 30th of next month to improve efficiency and cost competitiveness.

Taerim Packaging, a Korean corrugated cardboard maker, began construction of 5.5MW roof-type solar power facilities at its Cheongwon Campus 1 and 2 in the Ochang 3rd Industrial Complex, Cheongju. The facilities are expected to generate about 7,026 MWh per year and cut about 3,220 tons of greenhouse gases annually.

Taerim Paper, an affiliate of Global Seara Group, signed a stock purchase agreement with Morgan Stanley PE to acquire Jeonju Paper and Jeonju One Power for about KRW 650 billion.

According to banking sources reported by KED Global, US private equity firm TPG agreed to buy a 100% stake in South Korean cosmetic packaging supplier Samhwa at a price in the mid-300 billion won range, about $236.9 million, with CEO Cho Seong-hwan buying a minority stake back.

Amorepacific Group will sell 60% of its subsidiary Pacific Package's shares to French packaging company Autajon, retaining 40%. The move deepens a cooperation relationship that dates to a 2015 MOU.

Sonoco ThermoSafe and Korean Air announced a global partnership for leasing the Pegasus ULD temperature-controlled bulk container to pharmaceutical freight forwarders. Sonoco ThermoSafe will add ICN airport to its service network.

Dongwon Systems signed a merger agreement to absorb its subsidiary Techpack Solution, Korea's largest glass bottle maker, with a merger ratio of 1 to 4.44. A shareholder meeting is scheduled for September 1, 2021.

Daelim Pracon signed an investment memorandum with Gimcheon city to build a 20 billion won PET packaging container plant with automated equipment in the Gimcheon General Industrial Complex. The plant is planned to be operating by early next year and is expected to create over 80 jobs.

Hanil Can acquired 100% of the issued shares of Samkwang Can on 29 October 2019, a spin-off of Samkwang Glass's can business sold for 51 billion KRW; the Fair Trade Commission approved the deal in May 2020.

South Korean clothing maker Sae-A Trading was chosen as preferred bidder to buy a 71% stake in Tailim Packaging and 100% of Tailim Paper from IMM Private Equity, with the price estimated at over 750 billion won. A final deal was expected to be signed the following month.

Hanchang Paper Co signed a 25.18 billion won contract with KT&G to supply ivory cardboard. The deal was reported on September 19, 2018.

Toly Group plans to build an 8,000 m2 factory in South Korea next year at a cost of EUR 13 million.