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 [...]
SEOUL, Feb. 3 (Korea Bizwire) — A growing number of men are buying leggings and cosmetics for their own use. Shinhan Card Co., a major credit card company in South Korea, analyzed purchases of leggings using the company’s credit cards between January and September of last year, which showed that purchases among men had jumped [...]
SEOUL, Nov. 24 (Korea Bizwire) — A variety of businesses from various sectors are making forays into the cosmetics market with entry barriers dropping, amid expectations that they could create a synergy effect through combination with their existing businesses. According to the Ministry of Food and Drug Safety, the number of cosmetics sellers that acquired [...]
SEOUL, July 2 (Korea Bizwire) — Starting Thursday, South Koreans will be able to bring bottles to cosmetics shops to refill them with shampoo, conditioner, body wash, and liquid soap. The Ministry of Food and Drug Safety, jointly with the Ministry of Environment, announced plans to promote cosmetics refill stores as part of efforts to [...]
SEOUL, April 25 (Korea Bizwire) — South Korea’s exports of cosmetics shot up 15 percent in 2020 from a year earlier, data showed Sunday, on the back of growing demand from the United States and Asian countries. Outbound shipments of cosmetics reached US$6.12 billion last year, according to the data compiled by the Korea Customs [...]
SEOUL, April 8 (Korea Bizwire) – South Korean cosmetics giant AmorePacific Corp. said Wednesday that it would launch a Base Picker service to provide customized foundation and cushion products to personal customers. Customers will be able to purchase customized foundation or cushion products after opting for a glow or semi-matte finish and selecting from 100 [...]
SEOUL, April 5 (Korea Bizwire) — Cosmetics brand “road shops” – street-level retail shops with storefronts – have shut down in considerable numbers as the coronavirus continues to take a toll on the cosmetics industry. The Korea Fair Trade Commission reported that Missha, a South Korean budget cosmetic brand, shut down 164 road shops last [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s department stores have seen a spike in sales of cosmetics after the government lifted restrictions on the use of samples. To comply with the government’s infection-control measures, department stores stopped the use of samples within outlets from December 24 last year. Such restrictions, however, were lifted on [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korea’s exports of cosmetics shot up 16 percent in 2020 from a year earlier, data showed Sunday, on the back of the growing demand from the United States and Asian countries. Outbound shipments of cosmetics reached US$7.57 billion last year, according to the data compiled by the Korea [...]
SEOUL, July 17 (Korea Bizwire) — A recent survey has revealed that women prioritize brand value and ethics when buying cosmetics products. Olive Young, one of the major health and beauty store chain in South Korea, conducted a survey of 2,000 female consumers during the period from June 17 to 24 in collaboration with beauty [...]