Enex Makes Strategic Investment in Dermatobio to Enter Lifestyle Solutions Business

Promoting Spaces and Solutions for Single-Person Households and Seniors

Enex has made an equity investment in Dermatobio to enter the lifestyle solutions business.

Enex announced that it has made a strategic equity investment in DermatoBio to expand its lifestyle solutions business for single-person households and seniors. Enex and DermatoBio are taking a commemorative photo after signing the investment agreement on the 9th. Photo by Enex

On June 10, Enex announced that it had made a strategic equity investment in Dermatobio to respond to social structural changes such as the rise in super-aging and the increase in single-person households, as well as to secure future growth engines.

Enex plans to gradually expand its lifestyle solutions business, focusing on the single-person household and senior living markets, by leveraging its long-standing expertise in kitchen, storage, and living space design, as well as its nationwide construction and distribution infrastructure.

Dermatobio is a company with capabilities in product development, brand and IP planning, and commercialization in the wellness, beauty, and lifestyle consumer sectors. Founder and CEO Sungkwan Ahn has held positions including Ph.D. at Oxford University, postdoctoral researcher at Harvard Medical School, and professor at Konkuk University for over 20 years, and he established and operated Korea's first four-year cosmetics engineering department.

Going forward, the two companies plan to gradually pursue projects such as: ▲one-stop infrastructure business for beauty and medical commercial spaces, ▲customized spaces and lifestyle packages for single-person households, ▲independent living solutions for seniors, ▲lifestyle brands based on living spaces, and ▲new commerce businesses based on Enex Mall.

Enex is also planning to launch the "ENEX 3.0 Steering Committee," consisting of domestic and international experts, to enhance business execution. The committee will oversee future business strategies, development of new business models, and the expansion of global business. Enex CEO Jingyu Park and Dermatobio CEO Sungkwan Ahn will serve as co-chairs.

Enex has signed a business agreement with the Konkuk University KU Convergence Science and Technology Institute to establish an industry-academia cooperation foundation for integrating healthcare technology with lifestyle space solutions. The two sides will jointly plan wellness and beauty products, as well as functional lifestyle materials that reflect the living characteristics of single-person households and the elderly, and will further expand their collaboration in research, development, verification, and commercialization.

Sungkwan Ahn, CEO of Dermatobio, stated, "The future market will move beyond spaces and products to designing people's lifestyles and living experiences. Together with Enex, we plan to rapidly build a business foundation to create new lifestyle solution models needed for a single-person society and the era of super-aging, and to expand not only in Korea but also into global markets."

Jingyu Park, CEO of Enex, said, "Enex aims to evolve beyond a furniture company into a lifestyle solutions platform company that responds to changing demographics and consumption environments. This strategic investment will serve as an important starting point for transforming our future business portfolio and improving our corporate structure."

This content was produced with the assistance of AI translation services.