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 [...]
SEOUL, June 17 (Korea Bizwire) — South Korea’s cosmetics-related trade surplus surpassed the 6 trillion-won mark (US$4.9 billion) for the first time in 2019, data showed Wednesday. The trade surplus of locally made beauty products came to 6.15 trillion won last year, up 12.4 percent from 5.47 trillion won tallied the previous year, according to [...]
SEOUL, May 28 (Korea Bizwire) — South Korea’s exports of cosmetics grew at the slowest pace in eight years in 2019 amid a litany of unfavorable external factors, industry data showed Thursday. Overseas shipments of cosmetics stood at US$6.49 billion last year, up 3.6 percent from a year earlier, according to the data from the [...]
SEOUL, April 22 (Korea Bizwire) — South Korea’s exports of beauty products to Russia jumped nearly ninefold in 2019 from five years earlier on the back of the growing popularity of Korean pop culture, data showed Wednesday. South Korea’s exports of beauty products to Russia reached US$137.3 million in 2019, up from $15.5 million posted [...]
SEOUL, April 16 (Korea Bizwire) — South Korea’s exports of high-end consumer goods to Southeast Asia has increased sharply since 2010, data showed Thursday, led mostly by their strong demands for cosmetic goods. The country’s exports of high-end consumer goods, which include beauty and fashion items, along with luxury goods, to Singapore have been expanding [...]