SEOUL, May 1 (Korea Bizwire) — A new method for testing possible eye irritation due to cosmetics ingredients that does not involve animal testing has been developed by the National Institute of Food and Drug Safety Evaluation (NIFDS), according to a statement from the institute on April 30. The NIFDS is preparing for the new [...]
SEOUL, April 30 (Korea Bizwire) – A new fashion smartphone app has become a huge success in China. Interpark, an online market operator in Korea, announced on April 29 that its fitUin fashion application broke through the 100,000 download mark in China just one month after its release. The app enables users to try on [...]
SEOUL, Apr. 24 (Korea Bizwire) — Two Global SPA brands for baby supplies are entering the Korean market. Babiesrus, the world’s largest baby product retailer, has opened a store at Lotte Mart’s Suwon branch. Strollers, baby car seats, supplements for babies and clothes from various global brands can be found at the store. With the [...]
SEOUL, April 16 (Korea Bizwire) – Riding Hallyu, or the Korean Wave, cosmetics products have developed into strong moneymaking export items as they set records for exports and trade surplus last month. According to the Korea Customs Service, the value of cosmetics exports in March was US$277.5 million, the largest amount since the office began [...]
SEOUL, April 8 (Korea Bizwire) – It is commonly known that the department stores are the exclusive domain of women. However, the fact is that Korean men also enjoy shopping at luxurious stores, and their numbers are increasing. In addition, as more women are turning to overseas direct purchases or online shopping malls, retail giants [...]
SEOUL, April 8 (Korea Bizwire) — Despite an economic slowdown, sales of luxury products in South Korea soared in the first quarter of 2015 partly due to recent price cuts by major luxury brands, data showed Wednesday. Lotte Department Store saw sales of luxury products jump 15.7 percent on-year in the January-March period, with sales of [...]
SEOUL, April 7 (Korea Bizwire) — Louis Vuitton will hold a free exhibition entitled ‘Past, Present, Future,’ at D Tower in Gwanghwamun from May 1 to 17. The exhibition will feature works by Nicolas Ghesquière, who is the creative director of women’s clothing for Louis Vuitton. The works are divided according to 9 grand themes that inspired [...]
Jeju, April 2 (Korea Bizwire) – A Jeju-based company has had its health product certified as Halal approved for the first time on the island. Jeju Magma Bio-energy, a company specializing in volcanic powder health products, applied for Halal certification for its magma health bracelet with the Jeju Islam Culture Center and Kakyo, a Jeju-based [...]
SEOUL, April 1 (Korea Bizwire) – A position once occupied by down jackets from The North Face and Canada Goose has now been taken over by Randoseru backpacks from Japan, the latest “must-have” for Korean elementary school children, and a financial backbreaker for their parents. According to Consumer Research, which conducted a study on major brands [...]
SEOUL, March 22 (Korea Bizwire) – Suh Kyung-bae, chairman of Amore Pacific Group, the country’s leading cosmetics maker, solidified himself as a stock wealthy businessman whose shareholdings were valued at over 8 trillion won (US$7.1 billion) for the first time, putting him further ahead of the head of Hyundai Motor Group, data from a market [...]