SEOUL, June 5 (Korea Bizwire) — South Koreans spent a staggering ₩82.9 trillion (approximately $61 billion) on fashion products over the past year, with casual wear topping the list and consumers in their 50s emerging as the most active spenders, according to a nationwide survey released Wednesday. The Korea Federation of Textile Industries reported that [...]
SEOUL, June 3 (Korea Bizwire) — Luxury fashion house Chanel has raised prices on several of its best-selling handbags and jewelry items in South Korea by up to 10%, marking its third price hike this year and further straining consumers, especially brides-to-be preparing for weddings. Chanel Korea implemented the increases on Monday, raising prices on signature [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s Ministry of Environment has launched a new industry-wide council aimed at addressing the mounting environmental damage caused by clothing production and disposal. The inaugural meeting of the “Apparel Environmental Council” was held on May 29, 2025, in Yongsan, Seoul, with 21 organizations in attendance, including five major [...]
SEOUL, May 26 (Korea Bizwire) — As South Korea braces for another sweltering summer, fashion retailers are seeing a surge in demand for ultra-light outerwear and short-sleeved shirts, driven by rising temperatures, wide daily temperature swings, and evolving fashion preferences among younger consumers. According to industry data released Sunday, brands across the Korean fashion sector have [...]
SEOUL, May 21, 2025 (Korea Bizwire) — CJ Olive Young, South Korea’s leading beauty and health retailer, kicked off the 2025 Olive Young Festa on Wednesday, launching the country’s largest hands-on beauty and wellness festival. The event runs through May 25 on Seoul’s scenic Nodeul Island. Originally launched in 2019, Olive Young Festa is designed as [...]
SEOUL, May 9 (Korea Bizwire) — The Seoul Facilities Corporation announced Friday that it will open a new AI-powered “Smart Shelter” in the Jonggak underground shopping center this November, transforming long-vacant retail spaces into a tech-driven experience zone blending shopping innovation and public rest areas. Spanning approximately 76 square meters (23 pyeong), the Smart Shelter will [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s beauty industry continues its explosive global ascent, with overseas direct purchases of Korean cosmetics and perfumes — commonly referred to as K-beauty — nearly doubling in 2024 to approach $1 billion, according to newly released customs data. The Korea Customs Service, in data submitted to Rep. Park Sung-hoon [...]
SEOUL, May 6 (Korea Bizwire) — Beauty products are undergoing a transformation in South Korea, emerging as fashion-forward accessories among the country’s style-savvy MZ generation — a demographic encompassing those born between the early 1980s and early 2000s. No longer limited to cosmetic utility, items like lip balms, tints, and compact cushions are increasingly designed to [...]
SEOUL, April 28 (Korea Bizwire) — Dyson unveiled its latest hair styling innovation, the “Airwrap Coanda 2X Multi-Styler and Dryer,” at a pop-up store in Seoul’s Seongsu district on April 28, marking the global debut of the redesigned device in South Korea. The new Airwrap Coanda 2X features Dyson’s most powerful hair motor to date, spinning [...]
SEOUL, April 25, (Korea Bizwire) — In a notable shift from past consumer sentiment, Japanese fashion is enjoying a revival in South Korea, while Korean labels are making bold inroads into Japan’s polarized fashion market, redefining regional retail dynamics. Once dampened by the 2019 “No Japan” movement, Korean interest in Japanese fashion is resurging, particularly [...]