SEOUL, Jan. 29 (Korea Bizwire) – The Korean cosmetic industry has grown fast thanks to eager Chinese consumers, but the K-beauty boom has given rise to another booming business in the key market: counterfeits. Over the past years, Korean cosmetics have become frequent and common targets in the black market as they have gained popularity [...]
SEOUL, Jan.18 (Korea Bizwire) – Cosmetics brands that have been mainstays in the Korean market for 10 to 20 years are facing their biggest test – the aging of their target customers. A recent marketing event held by a popular cosmetics brand at a department store only attracted customers in their 60s and 70s, and [...]
SEOUL, Jan.6 (Korea Bizwire) – Lotte Department store has started a service in which cosmetics products are delivered to a customer’s home on a regular basis. Store officials announced that Belief, a cosmetics brand from LG Household & Health Care, had started a subscription service. By subscribing to a cosmetics brand, customers can have cosmetics [...]
SEOUL, Dec.22 (Korea Bizwire) – Korean cosmetics brands are making a push to enter the Middle-Eastern market. Korean companies are focused on the fact that even though Middle-Eastern women seem to be far from makeup as they typically wear a hijab, they have an urge to express themselves through eye makeup, and have a high [...]
SEOUL, Nov.30 (Korea Bizwire) – Two and Up, an importer of foreign cosmetics, is making efforts to debut its newly imported foreign products through home shopping networks. Officials believe that this strategy will make it easier to gain consumer awareness in a short amount of time, while allowing for the expansion of distribution channels when [...]
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 [...]