cosmetics Archives | Be Korea-savvy
China Biggest Buyer of Korean Cosmetics in 2018

China Biggest Buyer of Korean Cosmetics in 2018

SEOUL, Dec. 17 (Korea Bizwire) — China was the biggest buyer of South Korean beauty products last year, accounting for more than 60 percent, a report showed Tuesday. The report compiled by the Korea International Trade Association (KITA) showed that 65.6 percent of outbound shipments of locally made cosmetics products headed to China, Hong Kong [...]

Japan Threatens to Overtake S. Korea in China’s Cosmetics Market

Japan Threatens to Overtake S. Korea in China’s Cosmetics Market

SEOUL, Dec. 12 (Korea Bizwire) — Japan is threatening to overtake South Korea’s No. 1 status in China’s imported cosmetics market this year, industry data showed Thursday, mainly on the back of the growing popularity of low- to mid-priced “J-beauty” products. Japanese companies accounted for 25.2 percent of China’s imported cosmetics in the January-October period, [...]

S. Korean Cosmetics Brands Attract Discerning Chinese Consumers

S. Korean Cosmetics Brands Attract Discerning Chinese Consumers

SEOUL, Dec. 6 (Korea Bizwire) — As more Chinese consumers are taking an interest in the components contained in cosmetic products, South Korean cosmetic brands are infiltrating the Chinese market using their reputation for using ‘good recipes’. Venndata, a Chinese market research agency, reported that 45 percent of Chinese consumers were found to purchase cosmetics [...]

S. Korea Aims to Become 3rd-largest Cosmetics Exporter by 2022

S. Korea Aims to Become 3rd-largest Cosmetics Exporter by 2022

SEOUL, Dec. 5 (Korea Bizwire) — South Korea aims to become the third-largest cosmetics exporter in the world by 2022 through extensive investment in research and development (R&D) and concerted marketing efforts, the government said Thursday. The country’s makeup products are globally competitive, with growth buoyed by popularity of the Korean Wave and the growing [...]

Foreign Consumers Pick K-Beauty, K-Pop, and K-Food as Must-Buys in S. Korea

Foreign Consumers Pick K-Beauty, K-Pop, and K-Food as Must-Buys in S. Korea

SEOUL, Oct. 10 (Korea Bizwire) — Foreign consumers online picked K-Beauty products, such as cosmetics and perfume, as their preferred items to buy when they visit South Korea. The Korea International Trade Association (KITA) conducted a survey of 460 foreign consumers using Kmall24, an online shopping mall for foreigners run by the agency. Among the [...]

Period Beauty and Vegan Beauty New Cosmetics Trends

Period Beauty and Vegan Beauty New Cosmetics Trends

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 [...]

S. Korea’s Trade Surplus in Beauty Products Hits New High in 2018

S. Korea’s Trade Surplus in Beauty Products Hits New High in 2018

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 [...]

Online Sales of Cosmetics Products to Reach 10 Trillion Won This Year

Online Sales of Cosmetics Products to Reach 10 Trillion Won This Year

SEOUL, Sept. 16 (Korea Bizwire) – Online transactions of cosmetics are expanding as the entire distribution industry is increasingly leaning towards online platforms in South Korea. Statistics Korea and the cosmetics industry reported that online transactions of cosmetics products reached 6.6 trillion won (US$5.6 billion) between January and July, up 20 percent since last year. Cosmetics sales [...]

K-beauty Brands Star at Sephoria

K-beauty Brands Star at Sephoria

SEOUL, Sept. 10 (Korea Bizwire) — Korean brands cosmetics showed off their peak popularity at the beauty fair “Sephoria,” which was held by Sephora, the world’s largest cosmetics select shop. AmorePacific Corp. was the only Korean company to participate in this year’s two-day event held at the Shrine Auditorium and Expo Hall, Los Angeles on [...]