Outin Futures

What Outin Futures does

Outin Futures Inc. (주식회사 아우딘퓨쳐스) is a Seoul-headquartered Korean Original Design Manufacturer (ODM) and design services company serving the global cosmetics industry. Founded in 2000 by CEO Choi Young-wook, who spent 1993-2000 at AmorePacific, the company provides integrated one-stop solutions covering concept development, cosmetic formulation R&D, packaging engineering, manufacturing, clinical testing, and final product delivery. It operates from a Seoul headquarters housing R&D, design, and IP management, a Chungju manufacturing plant and research laboratory, and a New York design and client-services office established in 2011.

The company's core technology platform centers on sheet masks, hydrogel masks and patches, skincare, sun care, and color cosmetics, supported by 16+ registered and filed Korean patents covering anti-aging, whitening, slimming, micro-encapsulation, mesoporous capsule delivery, plant stem cells, natural preservatives, and packaging innovations such as dual/triple pads, quantitative liquid dispensers, and anti-counterfeit caps. Manufacturing is conducted at CGMP-certified, ISO 22716, ISO 14001, and ISO 9001-compliant facilities. Outin Futures also operates three proprietary consumer brands—NEOGEN (2009/2012), NEOGEN DERMALOGY (2010/2012), and NEOGEN CODE9 (2012)—sold through Olive Young, Sephora US, LOTTE Duty Free, SokoGlam, CJ Home Shopping, and social commerce.

Outin Futures generates revenue primarily through B2B ODM contracts with Korean beauty conglomerates (AmorePacific, Innisfree, A.H.C, Dr. Jart+, The Face Shop, Espoir, Primera) and international brands (Lime Crime, Amway, Pernod Ricard, KT&G), supplemented by proprietary brand sales. 2025 consolidated revenue reached 424 billion KRW (~$316M USD), up approximately 22% YoY from 347 billion KRW in 2024, while the operating loss narrowed ~46% YoY to 18 billion KRW; the balance sheet was strengthened in January 2026 through conversion of 27 billion KRW of convertible bonds, reducing debt-to-equity from 215% to approximately 170%, and the company announced a stock par-value consolidation in April 2026.

Name

Outin Futures

Legal name

OUTIN FUTURES INC.

Website

https://outinfutures.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Outin Futures is a Korean cosmetics ODM and design company that develops sheet masks, hydrogel patches, and skincare for global beauty brands including AmorePacific and Innisfree, while also operating its own NEOGEN, NEOGEN DERMALOGY, and NEOGEN CODE9 brands through Sephora US, Olive Young, and other retailers.

Ownership category

akta.pro rank

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. ODM Manufacturing & Product Supply: Outin Futures earns revenue by developing and manufacturing cosmetic products (sheet masks, hydrogel patches, skincare, sun care, face makeup) for brand clients on an ODM basis. Services span from concept development, formulation, packaging design, and manufacturing to final product delivery, creating recurring revenue through long-term brand partnerships and new product development cycles.
2. Proprietary Brand Sales: The company generates revenue from its own brands including NEOGEN and NEOGEN DERMALOGY, sold through online shopping malls and retail channels globally.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Outin Futures operates a one-stop Original Design Manufacturing (ODM) service for cosmetics and personal care products, providing concept development, formulation R&D, packaging and industrial design, clinical and efficacy testing, manufacturing, and quality control for global beauty brands. The company complements this contract business with three proprietary beauty brands — NEOGEN, NEOGEN DERMALOGY, and NEOGEN CODE9 — manufactured in-house and distributed through retail and e-commerce channels worldwide.

Product overview

Outin Futures operates as a design and cosmetic development company offering two core services: ODM (Original Design Manufacturing) services and Design Services. The company specializes in developing and manufacturing cosmetic products through a one-stop solution from concept to customer. Key product categories include sheet masks, hydrogel masks and patches, skincare, sun care, and face make-up. Outin Futures also maintains three self-branded product lines: NEOGEN (launched 2012), NEOGEN DERMALOGY (launched 2012), and NEOGEN CODE9 (launched 2012), which are distributed through various retail channels including Olive Young, SEPHORA US, and SOKOGLAM. The company provides comprehensive ODM services including concept development, formulation, packaging design, clinical testing, manufacturing, and quality control.

Differentiator

Problem solved

Functional benefit

Brands

• NEOGEN: Proprietary beauty brand launched in 2009; includes skincare, mask, and cosmetic product lines.
• NEOGEN DERMALOGY
• NEOGEN CODE 9

Products and services

• ODM (Original Design Manufacturing) Service One-stop ODM solution from concept development to final product delivery for global beauty brands, including product planning, formulation, packaging design, manufacturing, clinical and efficacy testing, and quality control across sheet masks, hydrogel patches, skincare, sun care and color cosmetics.
• Design Services Comprehensive design services covering brand concept development, package design, and packaging engineering, supporting clients from brand philosophy through to final product and packaging design, including for non-beauty clients such as Pernod Ricard and KT&G.
• NEOGEN Proprietary house beauty brand launched in 2009, featuring skincare products including sheet masks, hydrogel masks and targeted treatment solutions, sold through the NEOGEN online shopping mall and global retail channels.
• NEOGEN DERMALOGY Premium proprietary skincare brand specializing in derma/skincare formulations, distributed through Olive Young in Korea, exported to Taiwan, and launched on the SokoGlam e-commerce platform in the US in 2015.
• NEOGEN CODE9 Specialized proprietary skincare line under the NEOGEN family, anchored by the Gold Black Caviar Essence and Black Volume Cream products and expanded through CJ Home Shopping TV and social commerce channels.

Quantifiable outcome

• Revenue grew approximately 22% year-over-year from 347 billion KRW (2024) to 424 billion KRW (2025)
• +2 more outcomes

Named customers28 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Olive YoungcoreChannel Partner/ Reseller/ DistributorMajor Korean health and beauty retailer; awarded Outin Futures 'Best Partner Award'; distributes NEOGEN DERMALOGY and other supplied products in Olive Young stores across Korea.
• Sephora UScoreChannel Partner/ Reseller/ DistributorGlobal luxury beauty retailer; Outin Futures products launched in Sephora stores across the United States.
• Amore PacificcoreChannel Partner/ Reseller/ DistributorKorea's largest beauty group; Outin Futures designated as official design partner (2003) and supplies products to Amore Pacific brands including Aritaum.
• SokoGlamcoreChannel Partner/ Reseller/ DistributorLeading US K-beauty e-commerce platform; NEOGEN brand launched on SokoGlam US in October 2015; received SokoGlam Best Beauty Award.
• LOTTE Duty FreeminorChannel Partner/ Reseller/ DistributorMajor global duty-free retailer; Outin Futures products launched in LOTTE Duty Free stores.
• The Face ShopcoreChannel Partner/ Reseller/ DistributorGlobal K-beauty brand; Outin Futures signed supply contract for Real Nature Mask (14 SKUs) and supplies Real Seed Cleansing Oil.
• CJ Home ShoppingminorChannel Partner/ Reseller/ DistributorKorean TV shopping channel; NEOGEN CODE9 Lemon Caviar & Tox Tightening Pack launched via CJ TV shopping.
• Thai Central GroupminorChannel Partner/ Reseller/ DistributorThailand's leading department store and retail group; NEOGEN CODE9 products distributed through Thai Central Group.
• Samsung SecuritiesminorImplementation/ SI/ Consulting PartnerSamsung Securities provides electronic voting system management for Outin Futures shareholder meetings under Korean corporate law (Article 368-4).
• ENPRANIEminorOEM/ Whitelabel/ Licensing PartnerExclusive supply agreement for ENPRANIE silk mask sheet and SEP auxiliary materials.
• Pernod RicardcoreStrategic or Co-development PartnerWorld's leading spirits and wine company (World Ranking 1); Outin Futures designated as official design business partner; responsible for Imperial Quantum design project.
• KT&GcoreStrategic or Co-development PartnerKorea's leading tobacco and consumer goods company; Outin Futures designated as official design business partner; multiple design contracts including KT&G LANG HOMME.
• AmwayminorChannel Partner/ Reseller/ DistributorGlobal multi-level marketing company; Outin Futures supplies Enhancing Mask products for Amway's beauty portfolio.
• UniveraminorStrategic or Co-development PartnerKorean cosmetics manufacturer; Outin Futures designated as official design partner for linitie brand.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• AptarGroup: Global leader in dispensing systems and packaging for beauty, personal care, and home—broader packaging supplier that competes in the packaging component of Outin's integrated value chain.
• Amorepacific: Korea's largest beauty conglomerate and a key Outin customer; operates significant in-house manufacturing, representing both a long-term partner and a vertical-integration threat to ODM volumes.
• Albea Group: Global beauty packaging manufacturer offering rigid packaging, tubes, and applicators—broader packaging-focused incumbent serving similar beauty brand customers across multiple categories.
• LG H&H: Korean household and beauty conglomerate (whitening, derma, color cosmetics) with significant in-house production—a large beauty customer/competitor in the Korean market overlapping with Outin's client base.

Direct peers

• Cosmax: Korea's largest cosmetics ODM manufacturer, serving global beauty brands with formulation, packaging, and full-service manufacturing—directly comparable to Outin Futures' ODM business model, customer base, and Korean/global operating footprint.
• Kolmar Korea: Major Korean cosmetics ODM with integrated contract manufacturing capabilities across skincare, color cosmetics, and personal care—direct competitor in the same Korean/global ODM space serving overlapping brand customers.
• Intercos: Italian global cosmetics ODM serving luxury and mass-market beauty brands with color cosmetics and skincare contract manufacturing—comparable business model, customer overlap, and global ODM service offering.
• Mana Products: US-based cosmetics contract manufacturer and brand incubator for prestige and indie beauty brands—analogous full-service ODM platform with proprietary brand development serving North American customers.
• HCT Group: Beauty packaging and full-service contract manufacturer with design, formulation, and manufacturing capabilities—directly overlaps Outin's packaging engineering and ODM model for beauty brand customers.
• Maesa: US beauty brand incubator and contract manufacturer creating and producing owned and private-label beauty products—comparable dual ODM-plus-proprietary-brand platform targeting indie and emerging beauty brands.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Outin Futures