cosmetics Archives | Be Korea-savvy
Cosmetic Exports Hit Record High in 2021

Cosmetic Exports Hit Record High in 2021

SEOUL, July 7 (Korea Bizwire) — South Korea’s cosmetic exports posted a record-high amount, surpassing the 10 trillion-won mark for the first time in history, data showed Thursday. According to the Ministry of Food and Drug Safety, South Korea’s cosmetic exports grew 21.3 percent from the previous year and reached 10.5 trillion won (US$8.1 billion). [...]

Cosmetics Companies Promote K-Beauty in North America

Cosmetics Companies Promote K-Beauty in North America

SEOUL, June 16 (Korea Bizwire) — As China’s domestic market is facing fierce internal competition, South Korea’s cosmetics industry has found a new breakthrough in the global market, eyeing the North American region to expand its international presence. Top cosmetics maker Amorepacific Corp.’s North America sales in the first quarter of this year jumped by [...]

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 [...]