SEOUL, April 28 (Korea Bizwire) — The cloud affiliate of NHN Corp., a South Korean leading information technology company, announced a plan to release a virtual fitting room service that allows users to virtually try on clothes before purchasing them at Internet shopping malls, in the latter half of this year. The new service enables [...]
SEOUL, April 22 (Korea Bizwire) — Overseas fashion and luxury brands including Louis Vuitton, Chanel, Hermes and others reported record earnings last year despite a series of price increases. Chanel Korea earned racked up 1.22 trillion won (US$987 million) in sales last year, up 31.6 percent from the previous year. The company earned 249 billion [...]
SEOUL, April 20 (Korea Bizwire) — LG Household & Health Care Ltd. said Wednesday it has signed a deal to acquire U.S. cosmetics firm The Creme Shop to expand its presence in the U.S. market. LG Household will acquire a 65 percent stake in The Creme Shop for 148.5 billion won (US$120 million) on May [...]
SEOUL, April 1 (Korea Bizwire) — Online shopping malls specializing in women’s fashion are going beyond fashion to tap into demand for beauty and lifestyle products. Zigzag, a fashion platform run by Kakao Style Corp., opened up a ‘beauty section’ on Friday where it sells beauty products. The ‘beauty section’ introduces more than 200 beauty [...]
SEOUL, March 23 (Korea Bizwire) — The Seoul city government on Wednesday signed an agreement with Tranoi, the official trade fair of Paris Fashion Week, to help South Korean designers expand to the European fashion market, officials said. Under the memorandum of understanding on the “nurturing of global fashion brands and development of the fashion [...]
SEOUL, March 14 (Korea Bizwire) — Seoul Fashion Week, set to kick off this week, will be introduced on the global streaming platform YouTube’s official fashion and beauty vertical for the first time as a fashion week event in Asia, the city government said Monday. The SFW, organized by the Seoul city government, is South [...]
SEOUL, March 11 (Korea Bizwire) — The Seoul city government on Friday unveiled three virtual influencer candidates for promotional ambassador of the capital’s central fashion district of Dongdaemun. The profiles of the candidates — Ha Ri-ra, Seo Hi and Mo I-da — are available on the city government’s online voting website, where a four-day public [...]
SEOUL, March 2 (Korea Bizwire) — Expectations for the normalization of economic activities are growing despite the spread of the omicron variant of the coronavirus and such expectations have lead to an increase in consumption of spring clothes and color cosmetics. According to Hyundai Department Store, a major department store chain, sales of women’s and [...]
SEOUL, Feb. 23 (Korea Bizwire) — Luxury consumption, once centered on bags and watches, is diversifying towards other items, including shoes, accessories and clothes. Lotte Members, the membership service for retail giant Lotte Group, analyzed data from luxury item transactions. The analysis showed that the purchase of luxury shoes increased by 134.9 percent last year [...]
SEOUL, Feb. 10 (Korea Bizwire) — A group of luxury brands that have benefited from post-pandemic ‘revenge spending’ are withdrawing from downtown duty-free shops in South Korea, dealing a blow to related industries. Chanel, for example, decided to suspend the operation of its stores within the Lotte Duty Free branch in Busan and the Shilla [...]