SEOUL, July 25 (Korea Bizwire) – A new Cosmetics Act amendment allowing cosmetics companies to repackage and sell imported products in small quantities has been passed by the State Council, the Ministry of Food and Drug Safety said on Tuesday. According to the MFDS, the government agency in charge of protecting public health and ensuring the [...]
SEOUL, Jul. 18 (Korea Bizwire) — The Ministry of Trade, Industry and Energy conducted its first patrols of major commercial districts yesterday as part of its efforts to regulate energy use. The patrols were held in collaboration with local authorities from 18 districts nationwide. Here’s a typical example of what a typical patrol looks like: in [...]
SEOUL, July 6 (Korea Bizwire) – As public interest in eyewear continues to grow, the number of patent applications is increasing for functional sunglasses, which cater to unique needs ranging from protection from fine dust particles to detachable sunglasses. According to figures released by the Korea Intellectual Property Office (KIPO) on Wednesday, the number of [...]
SEOUL, June 9 (Korea Bizwire) – South Korea’s prosecution has for the first time put on trial online shopping websites for selling what are commonly referred to as ‘plastic surgery coupons’ to customers in collusion with plastic surgery hospitals. Despite the argument that the practice is nothing more than a marketing strategy, South Korean prosecutors [...]
SEOUL, May 4 (Korea Bizwire) – The United States ranked as the fourth-largest overseas market for South Korean cosmetic products in the first quarter of 2017 despite concerns of protectionism, a trade association said Thursday. In the January-March period, South Korean companies trailed French, Canadian and Chinese firms in terms of makeup products shipped to [...]
SEOUL, Apr. 20 (Korea Bizwire) — The item rental market in South Korea is expanding its range of lineups into various areas, ranging from fashion accessories and digital cameras to furniture, as a growing number of consumers are willing to use products at affordable prices and return them instead of owning them outright, industry observers [...]
SEOUL, April 7 (Korea Bizwire) – Beware of suspicious online reviews of plastic surgery clinics that sound too positive, South Korea’s advertisement watchdog warns. A report published by the Korea Internet Advertising Foundation (KIAF) yesterday revealed nearly one in three positive reviews on the Internet about plastic surgery is thought to be fake, reviews which [...]
SEOUL, April 6 (Korea Bizwire) – A recent study on Chinese makeup trends conducted by Kantar TNS Korea revealed that the most popular cosmetic brands among Chinese women were from South Korean companies, topping their European competitors. The new study published yesterday asked around 4,000 Chinese women aged between 20 to 39, who are in the [...]
SEOUL, April 4 (Korea Bizwire) – Exports of South Korean beauty and cosmetics products to Europe have expanded by tenfold over the past seven years, largely driven by surging demand for locally made facial care and makeup items, a report showed Tuesday. The outbound shipments of Korean beauty products to Europe reached 92.5 million euros [...]
SEOUL, Mar. 29 (Korea Bizwire) — A permanent promotion venue for Korean fashion brands and designers will open in New York in February next year, the Ministry of Culture, Sports and Tourism said Monday. The ministry has pushed for the project in response to industry requests for a regular space for promotion and marketing at [...]