SEOUL, July 17 (Korea Bizwire) — Once criticized for incinerating unsold products rather than selling them at discounted prices, luxury brands are shifting towards environment-friendly practices by actively making use of eco-friendly materials. British luxury brand Burberry, for example, plans to expand the application of the eco-friendliness guarantee standard which is now applied to a [...]
SEOUL, July 16 (Korea Bizwire) — In Hongdae, Seoul’s popular district for its upbeat nightlife and indie scene, a long line is sometimes formed for hours on end. A casual observer might imagine a celebrity meet-and-greet event or a line to buy tickets for a rock concert. In fact, they wait for hours to buy [...]
SEOUL, July 13 (Korea Bizwire) — The coronavirus is bringing an unexpected change to makeup trends in South Korea. Among today’s beauty YouTubers, so-called “foundation-free” makeup techniques are increasingly popular. Foundation-free makeup techniques refer to a trend in which the basic makeup essential foundation is omitted. The key factor behind the rising popularity of this [...]
SEOUL, July 2 (Korea Bizwire) — The French luxury brand Christian Dior began to raise prices of its major bags Thursday, industry sources said, as people’s demand for luxury goods has not been subdued even amid the pandemic-caused economic slump. Dior will increase the price tags of its major products, including Dior Lady bags, by [...]
SEOUL, June 22 (Korea Bizwire) — Once a symbol of gang life and sometimes an escape route for dodging mandatory military service, tattoos have long been associated with anti-social behavior in South Korea. But that notion is quickly changing thanks to a new wave of delicate and minimally designed tattoos, inked with pastel-colored hues. Patterns [...]
SEOUL, June 19 (Korea Bizwire) — When Kim Ga-in, a Seoul resident, climbed a mountain on Sunday, the 27-year-old woman did not wear hiking pants or shorts or other traditional trekking clothes. Instead, she went with a more comfortable option that would have been unheard of among hikers a generation ago: leggings. Her sister, Do-hee, [...]
SEOUL, June 17 (Korea Bizwire) — South Korea’s cosmetics-related trade surplus surpassed the 6 trillion-won mark (US$4.9 billion) for the first time in 2019, data showed Wednesday. The trade surplus of locally made beauty products came to 6.15 trillion won last year, up 12.4 percent from 5.47 trillion won tallied the previous year, according to [...]
SEOUL, June 2 (Korea Bizwire) — The “Nike X Ben & Jerry’s Chunky Dunky” sneakers, created as part of a collaboration between the multinational footwear brand Nike and the premium ice cream brand Ben & Jerry’s, were released at a price of 129,000 won (US$105) on May 26. Just three days after the sneakers were [...]
SEOUL, June 2 (Korea Bizwire) — With South Koreans donning protective masks for an extensive period due to the ongoing coronavirus crisis, sales of cosmetic products that effectively raise the tenacity of makeup are increasing as the weather grows hotter each day. Olive Young, a beauty and health brand run by retail conglomerate CJ Group, [...]
SEOUL, May 28 (Korea Bizwire) — South Korea’s exports of cosmetics grew at the slowest pace in eight years in 2019 amid a litany of unfavorable external factors, industry data showed Thursday. Overseas shipments of cosmetics stood at US$6.49 billion last year, up 3.6 percent from a year earlier, according to the data from the [...]