Seoul, July 8 (Korea Bizwire) — Kolon FnC has announced that they will be running a industry-academic cooperation program with the Fashion Institute of Technology (FIT), which is one of the most prestigious fashion institutes in the world. The project will be named “2015 FIT Summer Program”, and will be the first industry-academic cooperation attempt in [...]
SEOUL, July 8 (Korea Bizwire) – Street brand clothes at department stores are growing rapidly, powered by the popularity of SPA fashion, surpassing the growth rates of other brands. According to Lotte Department Store on July 7, sales of street brands like “Style Nanda,” “Naning9,” “Naingirl” and “Wonderplace” have grown more than 27 percent annually [...]
SEOUL, June 29 (Korea Bizwire) – In Andong, a farming city in North Gyeongsang Province, there are several farms openly growing hemp, a high-growing variety of cannabis. Of course, they are not growing the plant to make marijuana, which is banned in Korea. The hemp grown in Andong is used to make hemp fabric, one [...]
SEOUL, Jun. 25 (Korea Bizwie) — South Korean cosmetic maker Tonymoly said Thursday it will expand its investment in China after a market debut next month, to tap deeper into the fast-growing beauty market. Tonymoly, the nation’s seventh-largest cosmetic brand by 2014 sales, has posted a double-digit growth since its establishment in 2006 and has [...]
SEOUL, June 3 (Korea Bizwire) – Parkland, a Korean suit-maker, entered into an agreement with a social enterprise to upcycle unused stock fabric by making bags and pouches with the material that would otherwise have been discarded. Parkland signed the MoU with Ecoin Blank to offer discarded stock fabric, and the social enterprise will make upcycled [...]
SEOUL, May 25 (Korea Bizwire) — K-Beauty is taking things to the next level with a new device that incorporates Internet-of-Things technology. LG Uplus and furniture company Hanssem have signed a MoU to develop and launch a mirror that analyzes skin condition. According to an announcement from LG Uplus on May 24, the mirror will be [...]
SEOUL, May 18 (Korea Bizwire) — South Korean cosmetic products are expanding their presence in China on the back of the Korean Wave and competitive beauty products, becoming the second most sold in Asia’s second-ranked but fast-growing beauty market, data showed Monday. Out of $686.2 million worth of cosmetics China imported in the January-March period, [...]
SEOUL, May 14 (Korea Bizwire) — Young Koreans in their twenties and thirties are increasingly losing their hair, leading to a boom in the Korean hair-loss industry. Hi-MO, Korea’s largest wig company, said on May 13 that 27 percent and 4 percent of its male customers in 2014 were in their thirties and twenties respectively. [...]
SEOUL, May 14 (Korea Bizwire) — Korean women are increasingly buying weights and other muscle-building exercise equipment. According to a statement from online shopping mall G-Market on May 13, sales of such items among female customers between April 12 and May 11 increased threefold compared to the same period last year. Female purchases of weight training [...]
“We are strongly protesting that (the newspaper) looked into only about 150 salons, which is an extremely small part of a total of some 6,000 shops, and carried a biased report that only highlighted extremely bad parts about them.” “Most Korean-run businesses are not engaged in such nonsense things as racial discrimination and ethnic caste [...]