WONTECH to Enter Chinese Consumer Market with Its Hair Loss Treatment Device

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WONTECH announced that Hair Bang has been listed in Taobao, the largest Internet shopping mall in China.

WONTECH Co., Ltd., a leader in aesthetic laser and energy-based medical devices, today announced that Hair Bang has been listed in Taobao, the largest Internet shopping mall in China.

Hair Bang is a Chinese version of Hair Beam (or Hair Boom), which has been popularized on Korean domestic home shopping networks. Hair Beam, approved by Korea's Ministry of Food and Drug Safety (MFDS) for the treatment of hair loss, has also completed validation and clinical trials at leading hospitals such as Seoul National University Hospital and Kyungpook National University Hospital. This product uses the scientific principle of low-level laser therapy (LLLT) and diode illuminators. It has been clinically proven that when the product is used continuously for 18 minutes a day, it grows hair thickly. It is a helmetlike product, so it is very convenient to use at home, the manufacturer said.

Jong Won Kim, Chairman and CEO of WONTECH, commented, "Despite the high price of about 1 million won for Hair Beam, it has gained popularity through home shopping and has provenits merit. I was convinced that it would succeed in the Chinese market as a result of this, and I carried out the CFDA early. We have achieved CFDA, which is estimated to be difficult to pass through as a hair loss treatment product, and for the foreseeable future, there will be no product that can compete with Hair Bang in Chinese hair loss treatment market."

Meanwhile, Taobao is an open market operated by the Alibaba Group and is the largest Internet shopping mall in China. WONTECH will launch a variety of consumer products such as Hifie, a home-use skin lifting device, and Clabiane, a cosmeceutical brand, starting with the launch of Taobao's Hair Bang.

Jung Hyun Kim, CEO of WONTECH, commented, "While the B2C business in China is meaningful as a business itself, it will lead to an increase in consumer base and brand awareness, which will have a positive effect on the hospital equipment business such as medical lasers. And he announced to accelerate the aspiration to create a virtuous cycle structure.

About WONTECH
WONTECH Co., Ltd. was established in 1998 as a specialized company of medical laser equipment. Now the company’s equipment is used in various practices, including medical aesthetics, fat reduction, and surgical usage. It has a rich product line of the highest level, with 50 products and 170 intellectual property rights. Recently the company is expanding its business to B2C business, such as hair loss treatment and personal skin care device.

For more information about WONTECH and its products, please visit: http://www.wtlaser.com.

Media Enquiries:
WONTECH Marketing Team
Tel. +82-70-7836-6981
Email: wtshim(at)wtlaser.com

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