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CS (Custom Service) refers order-based production. It is apparently differentiated with the traditional OEM method(Original Equipment Manufacturing) since the CS companies have to develop their own appropriate chemical processes from the early stage of development to the future mass production in accordance with their customer's development schedule. In CS business, the suppliers generally have their own brand and provide the products exclusively for their original customer.
CS market could be classified into two types, depending on features of the product development stage: CMS (Custom Manufacturing Service) and CRS (Custom Research Service). CRS is for the early stage of development(from discovery stage to development stage), whereas CMS is for the production stage(from semi production stage to mass production stage)
CS market in chemical synthesis has been originated in pharmaceutical industry since new drug discovery companies began to outsource the chemical synthesis in order to enhance their operational efficiency and maximize their discovery activities in 1980s. Recently the CS market is expanding rapidly into the electronic industry since the world leader electronic companies develop new innovative materials and apply these for their prestige electronic products. These drug discovery companies and innovative electronic companies could save a great deal of time and efforts by using the highly specialized CS companies in the process chemistry.
Korean CS market has not been mature enough, not like other advanced countries because the new drug discovery industry has been rare in the Korean pharmaceutical industry. Our company should have to depend on the abroad CS market to overcome this unfavorable Korean market situation as a exploiter of Korean CS market before the early of 2000s.
In the Korean CS market, the early 2000s was remarkable turning point since there was meaningful change in the electronic industry where Samsung, LG began to stand as a world leader companies for the first time. Currently Korean CS market is rapidly expanding with their dynamic research activities for new innovative materials by these first rate companies in the field of semi-conductor, LCD, recycling battery, OLED and so on.
