WONTECH Co., Ltd., which specializes in medical devices, is going after Chinese online medical device markets.
WONTECH Co., Ltd. recently entered Chinese internet shopping mall called Taobao, which is China’s biggest internet shopping mall that is operated by Alibaba Group, with personal hair loss treatment device called ‘Hairbang’.
Hairbang is a product that stimulates thick skin with 69 low-output lasers and makes blood circulation smooth. Hairbang was tested for its effects at Seoul National University Hospital and Kyungpook National University Hospital and proved its effect for hair growth. WONTECH Co., Ltd. also received certification for CFDA (China Food and Drug Administration) for Hairbang.
WONTECH Co., Ltd. is planning to export Hairbang and its other medical and aesthetic laser devices to Chinese markets. First of all, it is also going to sell personal skin lifting device called ‘Hifie’ through Taobao. Besides Hairbang and Hifie, WONTECH Co., Ltd. also received CFDA and certifications from CQC (China Quality Certification Centre) for 10 of its products.

Photo Image
<Hairbang that was developed by WONTECH Co., Ltd. recently entered China’s biggest internet shopping mall called Taobao.>

WONTECH Co., Ltd. also received certifications for its devices from Taiwan and Europe. It received an approval from TFDA (Taiwan Food and Drug Administration) for 1927nm thulium laser equipment called ‘Lavieen’ and certifications for its laser medical device called ‘Picocare’ that is based on pico-second laser technology from Europe. It also received an European medical device certification called ‘CE MDD’ for its technology that minimizes stimulation of skin by shooting laser that is 1,000 times faster than current nano-second devices.
WONTECH Co., Ltd. participated in Asia’s biggest beauty exposition called ‘Hong Kong Cosmoprof EXPO’ that was held in Hong Kong from the 16th till the 18th of this month and had carried out 360 consultations for buyers.
“Hairbang and Picocare are drawing a lot of attentions from global beauty and medical device markets.” said CEO Kim Jung-hyeon on the 22nd. “We are going to become a K-beauty business that represents South Korea by continuously investing into development of new products and entering foreign markets.”
Staff Reporter Kim, Youngjun | kyj85@etnews.com

Photo Image
<■Summary of WONTECH Co., Ltd. ▲Year of establishment: 1998 (CEO Kim Jung-hyeon) ▲Type of business: Sales of medical devices ▲Number of employees: 125 ▲Sales: $24.4 million (28.7 billion KRW) in 2015; $34.0 million (40.0 billion KRW) in 2016 (estimate) ▲Major products: Laser equipment for medical purposes and personal hair loss treatment device>