cosmetics Archives | Be Korea-savvy
U.S. 4th Largest Market for S. Korean Cosmetics in Q1

U.S. 4th Largest Market for S. Korean Cosmetics in Q1

SEOUL, May 4 (Korea Bizwire) – The United States ranked as the fourth-largest overseas market for South Korean cosmetic products in the first quarter of 2017 despite concerns of protectionism, a trade association said Thursday.  In the January-March period, South Korean companies trailed French, Canadian and Chinese firms in terms of makeup products shipped to [...]

South Korea’s Cosmetics Exports to Europe Jump Tenfold in 7 Years

South Korea’s Cosmetics Exports to Europe Jump Tenfold in 7 Years

SEOUL, April 4 (Korea Bizwire) – Exports of South Korean beauty and cosmetics products to Europe have expanded by tenfold over the past seven years, largely driven by surging demand for locally made facial care and makeup items, a report showed Tuesday.  The outbound shipments of Korean beauty products to Europe reached 92.5 million euros [...]

Cosmetics Export to China Soars in Jan-Feb Despite THAAD Row: Data

Cosmetics Export to China Soars in Jan-Feb Despite THAAD Row: Data

SEOUL, March 29 (Korea Bizwire) – South Korea’s export of cosmetics products to China jumped in the first two months of this year from a year earlier, industry data showed Wednesday, underscoring solid gains in trade despite the trade row between Beijing and Seoul over a U.S. anti-missile system.  The outbound shipments of cosmetics goods [...]

DIY Products Impress More South Korean Consumers

DIY Products Impress More South Korean Consumers

SEOUL, March 15 (Korea Bizwire) – DIY products are appealing to more and more South Korean consumers who have grown to seek individuality, and are now becoming popular in unconventional products like cosmetics or fashion items.  Local cosmetics brand Etude House launched this month a lipstick product dubbed “Dear My Glass Tinting Lips-Talk” which comes [...]

Cosmetics Products Drive up Duty-Free Sales

Cosmetics Products Drive up Duty-Free Sales

SEOUL, Feb. 23 (Korea Bizwire) – Make-up products accounted for more than half of the annual sales at duty-free shops in South Korea last year, fueled by brisk demand from foreign tourists immersed in Korean entertainment culture, data showed Thursday.  The combined cosmetics revenue from duty-free chains, including top players Lotte Duty Free and Shilla [...]

Exports of S. Korean Cosmetics Soar 10 Times in 7 Yrs

Exports of S. Korean Cosmetics Soar 10 Times in 7 Yrs

SEOUL, Feb. 22 (Korea Bizwire) – Exports of South Korea-made cosmetics soared more than 10-fold over the past seven years, government data showed Wednesday, as the Korean Wave, or Hallyu, fueled robust demand from China and other Asian countries.  Outbound shipments of makeup products reached US$4.18 billion in 2016, compared to $451.15 million tallied in [...]

Korean Cosmetics Businesses on High Alert amid THAAD Woes

Korean Cosmetics Businesses on High Alert amid THAAD Woes

SEOUL, Feb. 13 (Korea Bizwire) – China is maintaining a firm stance against South Korea’s deployment of an American THAAD missile battery, imposing a string of retaliatory measures against Korean businesses, including cosmetics companies, that have made significant progress in the Chinese market in recent years.  According to INI R&C, a Korean research firm, Chinese [...]

Cosmetics Firms Under Heavy Selling over China’s Retaliation Concerns

Cosmetics Firms Under Heavy Selling over China’s Retaliation Concerns

SEOUL, Jan. 10 (Korea Bizwire) – South Korean cosmetics makers hit 52-week lows on the local stock market Tuesday amid increased concerns over a standoff between South Korea and China over a U.S. missile defense system.  AmorePacific Co., the country’s No. 1 cosmetics maker, and other companies dependent on the Chinese market have been under [...]

Korean Cosmetics Make Successful U.K. Debut

Korean Cosmetics Make Successful U.K. Debut

SEJONG, Dec. 20 (Korea Bizwire) – The popularity of “K-beauty” has officially found its place in the U.K. cosmetics market.  POSCO DAEWOO, POSCO’s trading subsidiary, announced Tuesday that starting next year, Korean cosmetics brands Caolion Cosmetics and SKINFOOD will be featured at some 220 outlets and the online store of Boots, the largest pharmacy chain [...]