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Farouk Systems and LG Form JV in South Korea

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By: TOM BRANNA

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SOUTH KOREA:  Farouk Systems, Inc., Houston, has announced a joint venture with LG Household and Health Care, Ltd., Seoul. The JV will be a co-owned South Korean corporation named LG Farouk Co. LG Farouk Co. will bring the latest technology and advancements to the beauty industry. It will 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, sa...

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