cosmetics Archives | Be Korea-savvy
Palm Oil Crisis Leads to Rising Prices of Raw Materials, Threatening Cosmetics Industry

Palm Oil Crisis Leads to Rising Prices of Raw Materials, Threatening Cosmetics Industry

SEOUL, May 18 (Korea Bizwire) — Russia’s invasion of Ukraine and Indonesia’s ban on palm oil exports are leading to spiking prices of raw materials and raising the prices of essential goods like cosmetics and soap. South Korea’s top cosmetics maker AmorePacific Corp. reported that the import price of glycerin used to make cosmetic products [...]

Fashion and Color Cosmetic Sales Show Signs of Recovery amid Growing Expectations for Return to Normal

Fashion and Color Cosmetic Sales Show Signs of Recovery amid Growing Expectations for Return to Normal

SEOUL, March 2 (Korea Bizwire) — Expectations for the normalization of economic activities are growing despite the spread of the omicron variant of the coronavirus and such expectations have lead to an increase in consumption of spring clothes and color cosmetics. According to Hyundai Department Store, a major department store chain, sales of women’s and [...]

SkinLabo, the First Digitally Native Italian Cosmetics Brand, Expands in the American Market

SkinLabo, the First Digitally Native Italian Cosmetics Brand, Expands in the American Market

ROME, Feb. 4 (Korea Bizwire) — SkinLabo, the first digitally native Italian cosmetics brand, already present in more than 20 countries worldwide, is ready to launch its own brand on the American beauty market. Since its constitution in 2016, SkinLabo has attracted €23 million in investments, thanks to 8a+ Real Innovation fund; Vertis SGR with its [...]

Department Store Cosmetics Sales Rebound After Restrictions on Sample Use Lifted

Department Store Cosmetics Sales Rebound After Restrictions on Sample Use Lifted

SEOUL, March 3 (Korea Bizwire) — South Korea’s department stores have seen a spike in sales of cosmetics after the government lifted restrictions on the use of samples. To comply with the government’s infection-control measures, department stores stopped the use of samples within outlets from December 24 last year. Such restrictions, however, were lifted on [...]