cosmetics Archives | Be Korea-savvy
Retail Shops Suffer as Cosmetics Industry Begins Transformation

Retail Shops Suffer as Cosmetics Industry Begins Transformation

SEOUL, Jan. 28 (Korea Bizwire) — Retail cosmetics shops that have been the drivers of the ‘K-Beauty’ industry for the past 15 years are facing a crisis, exposing their limitations. The cosmetics industry is undergoing a series of transformations due to decreased demand from China and a change in distribution structure resulting from stagnant domestic [...]

Tourists in Seoul Turn to Clothing Instead of Cosmetics

Tourists in Seoul Turn to Clothing Instead of Cosmetics

SEOUL, Dec. 3 (Korea Bizwire) — Tourists visiting Seoul are buying more fashion products than last year, according to a recent survey. The Seoul Metropolitan Government and the Seoul Tourism Organization announced on Sunday that compared to last year, tourists in Seoul purchased fewer cosmetics and more fashion products. Querying 1,500 tourists who visited South [...]

Cosmetics Store Managers Push for Coexistence amid Fierce Competition

Cosmetics Store Managers Push for Coexistence amid Fierce Competition

SEOUL, Nov. 23 (Korea Bizwire) — Managers of brick and mortar cosmetics shops are taking to the streets amid cutthroat competition with online stores. Some twenty managers staged a rally in front of the LG office building in Gwanghwamun on Thursday, complaining that online price competition is making their business intolerably difficult. “We want to [...]

Virtual Makeup at Your Fingertips

Virtual Makeup at Your Fingertips

SEOUL, May 15 (Korea Bizwire) — Hyundai Department Store announced on May 13 that it will be releasing a new virtual makeup service on its official online store, thehyundai.com. The major department store chain partnered with Meitu, China’s top app developer, to accelerate its efforts to lead a retail tech trend in Korea by making [...]

K-Cosmetics Make Inroads in the U.S.

K-Cosmetics Make Inroads in the U.S.

SEOUL, Apr. 30 (Korea Bizwire) — Korean cosmetics producers are heading into the global market after success in China and Southeast Asia. Both manufacturers and distributors alike of Korean cosmetics are expanding their production facilities to more advanced markets such as the U.S. and Japan, while taking an aggressive stance via mergers or takeover of [...]