SEOUL, Sept. 1 (Korea Bizwire) — South Korean fashion company LF Corp. said Thursday it has opened its eighth Vietnamese retail store to expand its presence in the Southeast Asian country’s growing fashion market. The new store for its menswear sub-brand Maestro was opened at Saigon Centre in Ho Chi Minh last Thursday. The company, [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korean beauty care behemoth Amorepacific Group said it has developed a chipless wireless electronic skin that enables accurate analysis and measurement of skin conditions anytime and anywhere without heavy equipment. In general, clinical skin research requires the use of high-priced diagnosis equipment as well as maintaining a stable [...]
SEOUL, Aug. 1 (Korea Bizwire) — The Seoul city government will hold a beauty fair next month to showcase the latest local brands and advances made in the industry, officials said Monday. The Seoul Beauty Week, hosted by the Seoul Metropolitan Government, will kick off on Sept. 30 at Dongdaemun Design Plaza in central Seoul [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s cosmetic exports posted a record-high amount, surpassing the 10 trillion-won mark for the first time in history, data showed Thursday. According to the Ministry of Food and Drug Safety, South Korea’s cosmetic exports grew 21.3 percent from the previous year and reached 10.5 trillion won (US$8.1 billion). [...]
SEOUL, June 20 (Korea Bizwire) — Seoul Fashion Week, South Korea’s biggest biannual fashion show, will be held fully in person in October, following two years of scaled-down events due to the COVID-19 pandemic, the Seoul city government said Monday. Seoul Fashion Week Spring/Summer 2023 will kick off on Oct. 11 at the Dongdaemun Design [...]
SEOUL, June 16 (Korea Bizwire) — As China’s domestic market is facing fierce internal competition, South Korea’s cosmetics industry has found a new breakthrough in the global market, eyeing the North American region to expand its international presence. Top cosmetics maker Amorepacific Corp.’s North America sales in the first quarter of this year jumped by [...]
SEOUL, May 18 (Korea Bizwire) — Russia’s invasion of Ukraine and Indonesia’s ban on palm oil exports are leading to spiking prices of raw materials and raising the prices of essential goods like cosmetics and soap. South Korea’s top cosmetics maker AmorePacific Corp. reported that the import price of glycerin used to make cosmetic products [...]
SEOUL, May 13 (Korea Bizwire) — The South Korean market for shampoo that helps to conceal gray hair is expanding. LG Household & Health Care Ltd., a household goods and cosmetics maker, said Thursday it had released a shampoo and treatment that covers gray hair just by washing normally. The company developed the products based [...]
SEOUL, May 13 (Korea Bizwire) — LG Household & Health Care (H&H) Ltd., a major South Korean producer of cosmetic and health care products, said Friday it has opened a new research and development (R&D) center in Hokkaido, Japan, focusing on microbiome beauty products. LG H&H said Hokkaido provides the optimal environment for conducting research [...]
SEOUL, May 11 (Korea Bizwire) — With the Chinese government’s lockdown measures to contain a surge in COVID-19 cases dragging on for more than a month, South Korean cosmetics companies are renewing efforts to gain a stronger foothold in the North American market as a way to reduce risk arising from their excessive reliance on [...]