SEOUL, Nov.19 (Korea Bizwire) – Korean cosmetics brand Tonymoly announced that it has opened a store in Mexico City, the capital of Mexico. The new store represents the company’s first foray into Latin America. The store is located in the Hamburgo district of Mexico City. The shop features a ‘Professional Makeup & Hairzone’, which is [...]
SEOUL, Oct. 16 (Korea Bizwire) – A new trend in the cosmetics industry is seeing companies launch products with antioxidant effects. Antioxidants prevent and suppress active oxygen from being formed in the human body. Each brand is pointing out that antioxidants are needed to keep the skin healthy when seasons change and the skin’s natural oil [...]
SEOUL, Sept. 10 (Korea Bizwire) – Amore Pacific, South Korea’s top cosmetic maker, said Wednesday it will step up its foray into overseas markets beyond Asia, such as the Middle East and South America, with a focus on the world’s burgeoning megacities. Founded in 1945, Amore Pacific has leveraged the growing popularity of Korean pop [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean cosmetics exports to China more than tripled in the first seven months of this year on rising popularity of its pop culture to rank second in the Chinese market, data showed Monday. China imported US$378.3 million worth of South Korean cosmetics in the January-July period, up a [...]
SEOUL, Jun. 25 (Korea Bizwie) — South Korean cosmetic maker Tonymoly said Thursday it will expand its investment in China after a market debut next month, to tap deeper into the fast-growing beauty market. Tonymoly, the nation’s seventh-largest cosmetic brand by 2014 sales, has posted a double-digit growth since its establishment in 2006 and has [...]
SEOUL, May 1 (Korea Bizwire) — A new method for testing possible eye irritation due to cosmetics ingredients that does not involve animal testing has been developed by the National Institute of Food and Drug Safety Evaluation (NIFDS), according to a statement from the institute on April 30. The NIFDS is preparing for the new [...]
SEOUL, May 1 (Korea Bizwire) — Korean cosmetics brand Nature Republic’s Myeongdong store, famous for being located on the most expensive land in Korea, has been remodeled into a forest-like total beauty shop. The outside of the five-story building looks like a small forest, decorated with more than 50,000 pots of plants. Benches in front [...]
SEJONG, Jan. 29 (Korea Bizwire) — South Korea’s online shopping sales surged 20.1 percent on-year during the fourth quarter of 2014 with stellar growth in purchases through mobile gadgets, a government report showed Thursday. Total transactions during the three month period reached 12.74 trillion won (US$11.73 billion), up from 10.6 trillion won a year earlier [...]
SEOUL, Oct. 24 (Korea Bizwire) – LG Household and Healthcare is expected to boost its sales volume by acquiring CNP Cosmetics, a local “cosmeceuticals” firm, even though it failed to win a bid for U.S. cosmetics company Elizabeth Arden. The Korea’s leading cosmetics company announced on October 22 that it signed a 54.2-billion-won agreement to [...]
SEOUL, May 25 (Korea Bizwire) – According to the Korean Intellectual Property Office, there has been a recent hike in the number of patent applications for brand names that include words that are related to colors. Customers will now be able to see diverse color brands on the cosmetics stand as applications for trademarks that [...]