SEOUL, Aug. 12 (Korea Bizwire) — LG Electronics Inc. on Thursday released new ultrasonic cleansing devices for body and facial care as the tech giant tries to expand its presence in the beauty appliance market. LG Pra. L Bodyspa for body care will be sold at 499,000 won (US$430), while LG Pra. L Washpop for [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s exports of beauty products to Japan advanced nearly 30 percent in the first 11 months of last year, data showed Sunday, despite the ongoing bilateral trade row stemming from their shared history. Asia’s No. 4 economy shipped US$370 million worth of beauty products to Japan in the [...]
SEOUL, Dec. 16 (Korea Bizwire) — Controversy is rising over ‘high heels for children’ and other fashion goods aimed at children as the children’s beauty market is expanding. 11st, an online shopping mall, reported that sales of cosmetics for children have surged by 360 percent since last year. Following the success of Walt Disney’s sensational [...]
SEOUL, Oct. 1 (Korea Bizwire) — In addition to functional and safe ingredients, new trends are emerging in the cosmetics market, which was dominated by a focus on high-end image and price competitiveness. According to the cosmetics industry, “period beauty” products, which take into account women’s menstrual cycles, have recently been released in succession, with [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s trade surplus in beauty products hit an all-time high last year on the back of strong demand from China and other Asian countries, government data showed Tuesday. Outbound shipments of cosmetics stood at 6.89 trillion won last year, up 23.3 percent on-year, while imports grew 6.8 percent [...]
SEOUL, Jan. 10 (Korea Bizwire) — Makeup testers at beauty stores across South Korea have been found ridden with germs, a new study has shown. The Korea Consumer Agency discovered that nearly 3 in 10 makeup testers are covered in germs after looking into a number of beauty shops in busy areas of Seoul, with [...]
SEOUL, April 6 (Korea Bizwire) – A recent study on Chinese makeup trends conducted by Kantar TNS Korea revealed that the most popular cosmetic brands among Chinese women were from South Korean companies, topping their European competitors. The new study published yesterday asked around 4,000 Chinese women aged between 20 to 39, who are in the [...]
SEJONG, April 5 (Korea Bizwire) – Sales of Korean cosmetics abroad have shown dramatic growth over the past few years, with exports now eclipsing the three trillion won mark. The Chinese market showed particular interest in Korean beauty products. According to data from the Korea Customs Service, exports last year increased by 53.1 percent compared [...]
SEOUL, Oct. 24 (Korea Bizwire) – LG Household and Healthcare is expected to boost its sales volume by acquiring CNP Cosmetics, a local “cosmeceuticals” firm, even though it failed to win a bid for U.S. cosmetics company Elizabeth Arden. The Korea’s leading cosmetics company announced on October 22 that it signed a 54.2-billion-won agreement to [...]