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 [...]
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 [...]
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, [...]
BUSAN, Nov. 22 (Korea Bizwire) — Fashion industry experts and executives from South Korea and 10 member states of the Association of Southeast Asian Nations (ASEAN) kicked off a joint fashion festival in Busan on Friday ahead of the southern port city’s hosting of the Korea-ASEAN special summit next week. The festival, titled Korea-ASEAN Fashion [...]
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 [...]
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 [...]
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 [...]
SEOUL, Oct. 23 (Korea Bizwire) — The Royal Palaces and Tombs Center, which operates under the Cultural Heritage Administration (CHA), is under fire for new uniform designs that were recently unveiled that are reminiscent of the so-called Mao suit. Last Friday, the CHA unveiled 28 types of work clothes that will be worn by employees [...]
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 [...]
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 [...]