SEOUL, June 27 (Korea Bizwire) — South Korean cosmetics giant Amore Pacific Group said Tuesday it has signed an initial pact with international health and beauty retailer A.S. Watson Group to expand its global business. With the memorandum of understanding (MOU), the two companies agreed to cooperate to seek the growth of Amore Pacific’s brands [...]
SEOUL, April 5 (Korea Bizwire) — South Korea’s cosmetics makers expect a rise in sales this year as China moves to lift economic measures implemented in retaliation over the deployment of a U.S. anti-missile defense system here, industry sources said Thursday. South Korea’s makeup industry have enjoyed robust growth in recent years helped by “hallyu,” [...]
SEOUL, Sept. 27 (Korea Bizwire) – The recent discovery that Korea’s leading toothpaste products contain CMIT/MIT, synthetic preservatives also used in Oxy’s controversial humidifier sterilizer, has lead to rapidly spreading alarm among the general public. The discovery was made public on Monday in a statement from the Ministry of Food and Drug Safety (MFDS). According [...]
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 [...]
SEOUL, March 24 (Korea Bizwire) – The ‘K-beauty’ market is expanding its sphere of influence beyond Asia, and reaching out to other global markets. According to Aju News, a Korean newspaper, Korean cosmetics brands are exploring new markets worldwide. As the global interest in K-pop and K-dramas is rising, women all over the world are now looking [...]
SEOUL, Jan.18 (Korea Bizwire) – Cosmetics brands that have been mainstays in the Korean market for 10 to 20 years are facing their biggest test – the aging of their target customers. A recent marketing event held by a popular cosmetics brand at a department store only attracted customers in their 60s and 70s, and [...]
SEOUL, Nov.25 (Korea Bizwire) – Innisfree, the natural cosmetics brand from Amore Pacific, is opening its largest store in China. Amore Pacific announced that the brand will be opening an 8,900 square foot store in Shanghai. This is the largest store among all of Innisfree’s retail locations, and also the largest among all the cosmetics [...]
SEOUL, Sept. 10 (Korea Bizwire) – Amore Pacific, South Korea’s top cosmetic maker, said Wednesday it will step up its foray into overseas markets beyond Asia, such as the Middle East and South America, with a focus on the world’s burgeoning megacities. Founded in 1945, Amore Pacific has leveraged the growing popularity of Korean pop [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean cosmetics exports to China more than tripled in the first seven months of this year on rising popularity of its pop culture to rank second in the Chinese market, data showed Monday. China imported US$378.3 million worth of South Korean cosmetics in the January-July period, up a [...]
SEOUL, Aug.28 (Korea Bizwire) – Laneige, one of Amore Pacific’s cosmetic brands, announced the launch of a new app called Beauty Mirror, which allows users to experience Laneige products through virtual reality using a mobile camera. With the application, users can apply makeup to an image of their face, which appears on the screen of [...]