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Toothpastes with Toxic Sterilizer Chemicals Breed Anxious Consumers

Toothpastes with Toxic Sterilizer Chemicals Breed Anxious Consumers

SEOUL, Sept. 27 (Korea Bizwire) – The recent discovery that Korea’s leading toothpaste products contain CMIT/MIT, synthetic preservatives also used in Oxy’s controversial humidifier sterilizer, has lead to rapidly spreading alarm among the general public.  The discovery was made public on Monday in a statement from the Ministry of Food and Drug Safety (MFDS).  According [...]

High-end Knockoff Retailers Busted in Seoul’s Busiest Tourist District

High-end Knockoff Retailers Busted in Seoul’s Busiest Tourist District

SEOUL, Sept. 27 (Korea Bizwire) – Seoul police busted four retailers Monday for selling counterfeit products of luxury brands in Myeongdong, one of the busiest tourist and shopping districts in Seoul.  The gang launched operations in April, and has since sold 40-million-won ($36,245) worth of knockoff products from 41 brands that included luxury brands Louis Vuitton [...]

Small-Scale Cosmetics Firms Target Made-To-Order Manufacturing Business

Small-Scale Cosmetics Firms Target Made-To-Order Manufacturing Business

SEOUL, Sept. 23 (Korea Bizwire) – South Korea’s small-scale cosmetics firms are targeting niche markets by launching made-to-order manufacturing for other firms, a way of expanding their businesses without the cost of having to develop their own brands and marketing them, industry officials said Friday.  K-beauty has caught on globally, allowing these companies to gain [...]

Philip Morris, British American Tobacco Rake in Billions from Tax Evasion

Philip Morris, British American Tobacco Rake in Billions from Tax Evasion

SEOUL, Sept. 22 (Korea Bizwire) – The local affiliates of Phillip Morris and British American Tobacco (BAT) were found to have evaded over 200 billion won ($181 million) in taxes from inventory profits when the Korean government raised the tax levied on cigarettes by roughly 2,000 won in January 2015.  According to Korea’s Board of [...]

Reckitt Benckiser CEO Apologizes over Deadly Humidifier Sterilizers

Reckitt Benckiser CEO Apologizes over Deadly Humidifier Sterilizers

SEOUL, Sept. 22 (Korea Bizwire) – The head of Britain-based Reckitt Benckiser formally apologized over its toxic humidifier sterilizers that claimed many lives in South Korea, a parliamentary special committee probing the scandal said Thursday.  The so-called Oxy humidifier disinfectant case came to light after four pregnant women died of unknown lung problems in 2011. [...]