SEOUL, Mar. 8 (Korea Bizwire) — People living in cities are more likely to develop skin problems such as rashes, spots and eczema due to an increased number of skin microorganisms, a new study has revealed. The joint study conducted by Amorepacific and the College of Biotechnology and Natural Resources at Chung-Ang University has found a [...]
SEOUL, Jan. 31 (Korea Bizwire) – AmorePacific Corp., South Korea’s top cosmetics maker, said Wednesday its fourth-quarter net profit dropped 76.2 percent from the previous year, due largely to a sharp decline in the number of Chinese tourists. Net income came to 17.3 billion won (US$16.17 million) in the October-December period, compared with 73 billion won the previous year, the company said in a regulatory filing. Operating profit fell 24.7 percent on-year to 76.9 billion won [...]
SEOUL, Jan. 11 (Korea Bizwire) – Xiaohongshu, a Chinese social e-commerce mall said Thursday it is looking for South Korean companies who will sell their products on its rapidly growing platform. Launched in 2013, Xiahongshu, also known as RED, is an online retail mall with more than 75 million registered users and also has a [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korean skincare company AmorePacific has launched a new makeup campaign dubbed ‘Make Up Your Life’ for cancer patients, which will see the company’s door-to-door salespeople known as ‘Amore Counselors’ visit hospitals across the country to give makeup advice and beauty counseling. Beginning at Korea University Guro Hospital on [...]
SEOUL, Sept. 15 (Korea Bizwire) – Lotte Group’s decision to pull its supermarket chain out of China after months of politically motivated retaliation from the Chinese government is triggering fears it could cause a domino effect among South Korean companies. After being subject to incessant retaliation – including raids by safety authorities from the Chinese government [...]
SEOUL, Sept. 12 (Korea Bizwire) — AmorePacific Corp., South Korea’s top cosmetics maker, said Tuesday it has opened a shop for its premium skin care brand at an upscale department store in France, expanding its presence in the European market. The Sulwhasoo store opened in the upscale department store of Galeries Lafayette in Paris on [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean cosmetics companies are ramping up their efforts to crack down on the illegal resale of their products sold at duty free shops in a bid to stop further damage to their brand image. AmorePacific, one of the major cosmetics companies in the country, announced on Monday it has [...]
SEOUL, May 15 (Korea Bizwire) – Trademark infringement of South Korean cosmetics makers in China has been on the rise with Amorepacific taking to court a Chinese website that sells rip-off products of its brand Laneige. The South Korean cosmetics giant brought a trademark infringement case against an online shopping mall called ‘laneigeonline.com’ at a local [...]
SEOUL, Apr. 28 (Korea Bizwire) — Cosmetic shops that sell various brands under one roof have steadily expanded their presence in South Korea, giving sophisticated customers more options, according to industry officials Thursday. AmorePacific Co., South Korea’s No. 1 cosmetic company, operates about 1,350 multi-brand stores, called “Aritaum,” nationwide, which offer a wide selection of [...]
SEOUL, March 25 (Korea Bizwire) – AmorePacific, South Korea’s top cosmetics maker, said Friday it will open a new flagship store for its luxury oriental brand Sulwhasoo next week to offer customers a hands-on experience and boost its brand image. The four-story building (with a basement) in the affluent Gangnam district is the nation’s largest flagship [...]