SEOUL, Oct. 13 (Korea Bizwire) – China was the biggest buyer of South Korean beauty products, taking up almost half of the country’s cosmetics sold overseas last year, data showed Thursday. According to the data submitted by the Korea Health Industry Development Institute to the National Assembly, China accounted for 41.1 percent of South Korea’s [...]
SEOUL, Oct. 11 (Korea Bizwire) – Korean manufacturers of children’s products are rapidly expanding their operations in China, targeting the fast-growing market in a country that recently ended its infamous one-child policy. Zero to Seven is among the companies making a pivot to China with its business centered on children’s clothing brands such as allo [...]
SEOUL, Sept. 23 (Korea Bizwire) – South Korea’s small-scale cosmetics firms are targeting niche markets by launching made-to-order manufacturing for other firms, a way of expanding their businesses without the cost of having to develop their own brands and marketing them, industry officials said Friday. K-beauty has caught on globally, allowing these companies to gain [...]
SEOUL, Sept. 7 (Korea Bizwire) – Cosmetics companies are launching customized services, a new business area the government adopted in March, finding colors and ingredients based on individual needs. Amore Pacific, the leading cosmetics maker that was the first to jump into the business, said Wednesday its made-to-order lipstick service at its Myeongdong store in [...]
NEW YORK, Sept. 6 (Korea Bizwire) – A government-run Korean fashion event will be held in New York on Thursday, as part of efforts to promote Korean culture, its organizers said Monday in a press briefing. Starting in 2010, “Concept Korea” fashion show, co-hosted by the Ministry of Culture, Sports and Tourism and the Korea [...]
SEOUL, Sept. 5 (Korea Bizwire) – Hanbok refers to traditional Korean attire that is marked by vibrant colors. Also referred to as Joseon-ot (Joseon clothing) in North Korea, it is the clothing of the Joseon Dynasty that ruled the Korean peninsula from 1392 to 1910. Hanbok are divided into formal and casual attire, for adults and [...]
SEOUL, Sept. 2 (Korea Bizwire) – South Korean fashion and retail conglomerate E-Land Group said Friday it has sold Teenie Weenie, a casual clothing brand, to a Chinese women’s fashion brand for 1 trillion won (US$890.7 million) as part of efforts to cut its debt. Teenie Weenie, a bear-themed casual wear brand owned by the [...]
SEOUL, Aug. 31 (Korea Bizwire) – Galleria Duty Free 63 may be the newest of the duty free franchises in Korea, but it hasn’t been all smooth sailing since the store’s July launch, especially when it comes to maintaining relationships with cosmetics companies. L’Oréal recently withdrew some 20 employees from six of its brands – [...]
SEOUL, Aug. 29 (Korea Bizwire) – Outbound shipments of food, beauty, fashion and personal care products soared in the first half of the year on the back of the growing popularity of the Korean wave, or hallyu, industry data showed on Monday. According to the data compiled by the Korea International Trade Association (KITA), exports [...]
SEJONG, Aug. 19 (Korea Bizwire) – An online pop-up store featuring leading South Korean fashion brands has been opened on the largest online fashion-focused portal in Southeast Asia to help Korean design houses enter the Southeast Asian market, industry officials said Friday. The “Premium Korean Fashion” pop-up shop was launched in Singapore the previous day [...]