SEOUL, May 5 (Korea Bizwire) — South Korean cosmetics manufacturers are bolstering their offensive in the North American market as sales in China and Japan have fallen sharply. LG Household & Health Care Ltd.’s North American sales for the first quarter of this year amounted to 136.1 billion won (US$102 million), an increase of 21.1 [...]
SEOUL, May 11 (Korea Bizwire) — With the Chinese government’s lockdown measures to contain a surge in COVID-19 cases dragging on for more than a month, South Korean cosmetics companies are renewing efforts to gain a stronger foothold in the North American market as a way to reduce risk arising from their excessive reliance on [...]
SEOUL, June 23 (Korea Bizwire) — Cosmetics manufacturers are scrambling to study microbiomes after the recent discovery that they have outstanding anti-aging qualities. The term microbiome is a combination of the words ‘microbe’ and ‘biome’, and refers to the microorganisms living in the human body, as well as their genetic information. South Korean cosmetics maker [...]
SEOUL, March 30 (Korea Bizwire) — South Korea’s cosmetics industry, directly hit by the coronavirus outbreak, is eyeing hand sanitizers and other hygiene products to make a comeback. Sales of hand sanitizers and tissues released by Aekyung Industrial Co., a South Korean household goods and cosmetics maker,. in January skyrocketed following the coronavirus outbreak during [...]
SEOUL, Apr. 26 (Korea Bizwire) — South Korean cosmetics makers said Thursday they are making inroads into new markets as part of their efforts to diversify sources of income after being hit hard by China over a missile row last year. LG Household & Healthcare, a major South Korean cosmetics and household goods maker, said [...]
SEOUL, March 12 (Korea Bizwire) — South Korean cosmetics companies are concentrating their marketing efforts on anti-pollution products amid growing concerns over fine dust here, industry watchers said Monday. According to Lotte Shopping Co., the combined sales of basic skin care products for skin troubles at its health and beauty store chain LOHB’s in the [...]
SEOUL, Jan. 10 (Korea Bizwire) — The South Korean government will assist local cosmetics makers in expanding their presence in the Association of Southeast Asian Nations (ASEAN) market, the government said Wednesday. The Ministry of Food and Drug Safety will expand education programs for local manufacturers, covering topics such as customs procedures and product registration, [...]
SEOUL, Nov. 3 (Korea Bizwire) — Local cosmetics companies are taking more aggressive approaches to win over foreign markets, as they gain confidence from easing tensions between South Korea and China, industry officials said Friday. AmorePacific, which suffered a drop in stock prices and exports due to Seoul’s diplomatic row with Beijing, is set on [...]