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S. Korean Cosmetics Brands Attract Discerning Chinese Consumers

S. Korean Cosmetics Brands Attract Discerning Chinese Consumers

SEOUL, Dec. 6 (Korea Bizwire) — As more Chinese consumers are taking an interest in the components contained in cosmetic products, South Korean cosmetic brands are infiltrating the Chinese market using their reputation for using ‘good recipes’. Venndata, a Chinese market research agency, reported that 45 percent of Chinese consumers were found to purchase cosmetics [...]

S. Korea Aims to Become 3rd-largest Cosmetics Exporter by 2022

S. Korea Aims to Become 3rd-largest Cosmetics Exporter by 2022

SEOUL, Dec. 5 (Korea Bizwire) — South Korea aims to become the third-largest cosmetics exporter in the world by 2022 through extensive investment in research and development (R&D) and concerted marketing efforts, the government said Thursday. The country’s makeup products are globally competitive, with growth buoyed by popularity of the Korean Wave and the growing [...]

52-hour Workweek an Elusive Dream for Dongdaemun Fashion Designers

52-hour Workweek an Elusive Dream for Dongdaemun Fashion Designers

SEOUL, Nov. 25 (Korea Bizwire) — Starting next year, the government-imposed 52-hour workweek will also be implemented for small and medium-sized enterprises. But reasonable work hours remain nothing more than a pipe dream for the Dongdaemun clothing industry, industry workers say in unison. In other words, even if a company does not follow the law, [...]

Luxury Goods Spark Sales Growth at Home Shopping Channels

Luxury Goods Spark Sales Growth at Home Shopping Channels

SEOUL, Nov. 19 (Korea Bizwire) — With winter around the corner, sales of high-priced winter attire on home shopping channels are soaring. According to industry sources, home shopping fashion broadcasts for this year’s fall and winter season are gaining popularity due to the appearance of products priced at more than 1 million won (US$858). A [...]

Luxury Fashion Powerhouses Rush into S. Korean Market

Luxury Fashion Powerhouses Rush into S. Korean Market

SEOUL, Nov. 17 (Korea Bizwire) — When it comes to purchasing luxury and premium products and services, South Koreans are almost on par with other major countries. Indeed, South Koreans’ love for luxury goods is astonishing, and that’s why high-end brands, which are known to stick to their heritage and tradition, have recently taken new [...]

Outdoor Fashion Companies Struggle in a Declining Market

Outdoor Fashion Companies Struggle in a Declining Market

SEOUL, Oct. 29 (Korea Bizwire) — Outdoor gear companies, once the leaders of South Korean fashion industry, are slowly fading into obscurity. LF, the apparel affiliate of LG Group, plans to gradually shut down all Lafuma stores, a French outdoor brand, by next year. Millet Edelweiss Holdings Co., Millet’s Korean branch, was also found to [...]

S. Korean Beauty Retailers Vying to Secure Customers amid Sephora’s Debut

S. Korean Beauty Retailers Vying to Secure Customers amid Sephora’s Debut

SEOUL, Oct. 19 (Korea Bizwire) — South Korean big-name beauty retailers are set to vye for a lion’s share in the country’s already saturated market, as the global heavyweight, Sephora, is set to open its first outlet in the country next week, industry sources said Saturday. Sephora will be coming to Parnas Mall in the [...]

3 in 10 Foreign Patients Visit S. Korea for Plastic Surgery

3 in 10 Foreign Patients Visit S. Korea for Plastic Surgery

SEOUL, Oct. 17 (Korea Bizwire) — A significant number of foreigners visited South Korea last year to undergo plastic surgery. The Korea Health Industry Development Institute reported that 464,452 foreigners came to South Korea in 2018 to receive medical treatment, up by 16.7 percent since the previous year. Most of the foreigners received treatment from [...]