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Archive by category Retail & Consumer Goods

Period Beauty and Vegan Beauty New Cosmetics Trends

Period Beauty and Vegan Beauty New Cosmetics Trends

SEOUL, Oct. 1 (Korea Bizwire) — In addition to functional and safe ingredients, new trends are emerging in the cosmetics market, which was dominated by a focus on high-end image and price competitiveness. According to the cosmetics industry, “period beauty” products, which take into account women’s menstrual cycles, have recently been released in succession, with [...]

S. Korea’s Trade Surplus in Beauty Products Hits New High in 2018

S. Korea’s Trade Surplus in Beauty Products Hits New High in 2018

SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s trade surplus in beauty products hit an all-time high last year on the back of strong demand from China and other Asian countries, government data showed Tuesday. Outbound shipments of cosmetics stood at 6.89 trillion won last year, up 23.3 percent on-year, while imports grew 6.8 percent [...]

Court Rules Against Chinese Copycat Brands

Court Rules Against Chinese Copycat Brands

SEOUL, Sept. 27 (Korea Bizwire) – Foreign corporations that set up South Korean offices to feign as a local brand and bandwagon on the Korean Wave have been ordered by the court to be disbanded. The Korean Intellectual Property Office (KIPO) and the Daejeon District Prosecutors’ Office announced on Thursday that they had ordered two [...]

Short Padded Jackets Posed to Dominate Winter Fashion Trends

Short Padded Jackets Posed to Dominate Winter Fashion Trends

SEOUL, Sept. 27 (Korea Bizwire) – Long padded jackets that come down to the calves, also known as bench jackets, have been among the most popular winter garments over the past few years. However, instead of long padded jackets, shorter padded jackets are poised to dominate the fashion industry this winter. Auction, an online shopping [...]

Hawaii Convenience Stores Selling Topokki Snacks

Hawaii Convenience Stores Selling Topokki Snacks

SEOUL, Sept. 26 (Korea Bizwire) — Convenience stores are not just bringing in foreign products, but they are also exporting offerings from their own brands. GS Retail Co., a major South Korean retailer, has joined hands with Taiwanese trading firm Tait Marketing & Distribution Co. to actively export items from the private-label brand (PB) brand [...]

S. Korea to Review Tax Rates for E-cigarettes

S. Korea to Review Tax Rates for E-cigarettes

SEOUL, Sept. 24 (Korea Bizwire) — The government plans to readjust a variety of taxes attached to electronic cigarettes, such as the cigarette consumption tax and special consumption tax, to even out the balance between taxes imposed on e-cigarettes and non-electronic cigarettes. The Ministry of Economy and Finance announced the plans on Monday, following complaints [...]

Controversy Looms over New Legislation to Restrict Shopping Mall Operating Hours

Controversy Looms over New Legislation to Restrict Shopping Mall Operating Hours

SEOUL, Sept. 23 (Korea Bizwire) — South Korean shopping mall operators are paying attention to the National Assembly’s upcoming decision on a new legislative bill during the regular session that starts on Thursday. The ruling party is currently pushing for stricter regulations that would require large-sized malls, so-called super supermarkets (SSMs), and shopping complexes to [...]