SEOUL, March 29 (Korea Bizwire) – South Korea’s export of cosmetics products to China jumped in the first two months of this year from a year earlier, industry data showed Wednesday, underscoring solid gains in trade despite the trade row between Beijing and Seoul over a U.S. anti-missile system. The outbound shipments of cosmetics goods [...]
SEOUL, March 15 (Korea Bizwire) – DIY products are appealing to more and more South Korean consumers who have grown to seek individuality, and are now becoming popular in unconventional products like cosmetics or fashion items. Local cosmetics brand Etude House launched this month a lipstick product dubbed “Dear My Glass Tinting Lips-Talk” which comes [...]
SEOUL, Feb. 23 (Korea Bizwire) – Make-up products accounted for more than half of the annual sales at duty-free shops in South Korea last year, fueled by brisk demand from foreign tourists immersed in Korean entertainment culture, data showed Thursday. The combined cosmetics revenue from duty-free chains, including top players Lotte Duty Free and Shilla [...]
SEOUL, Feb. 22 (Korea Bizwire) – Exports of South Korea-made cosmetics soared more than 10-fold over the past seven years, government data showed Wednesday, as the Korean Wave, or Hallyu, fueled robust demand from China and other Asian countries. Outbound shipments of makeup products reached US$4.18 billion in 2016, compared to $451.15 million tallied in [...]
SEOUL, Feb. 13 (Korea Bizwire) – China is maintaining a firm stance against South Korea’s deployment of an American THAAD missile battery, imposing a string of retaliatory measures against Korean businesses, including cosmetics companies, that have made significant progress in the Chinese market in recent years. According to INI R&C, a Korean research firm, Chinese [...]
SEOUL, Jan. 13 (Korea Bizwire) – The South Korean food and drug safety watchdog said Friday that it will officially add the category of children’s cosmetics later this year in an effort to better monitor such products. Starting in September, manufacturers of products for children such as lotion, cream and oil are mandated to label [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korean cosmetics makers hit 52-week lows on the local stock market Tuesday amid increased concerns over a standoff between South Korea and China over a U.S. missile defense system. AmorePacific Co., the country’s No. 1 cosmetics maker, and other companies dependent on the Chinese market have been under [...]
SEJONG, Dec. 20 (Korea Bizwire) – The popularity of “K-beauty” has officially found its place in the U.K. cosmetics market. POSCO DAEWOO, POSCO’s trading subsidiary, announced Tuesday that starting next year, Korean cosmetics brands Caolion Cosmetics and SKINFOOD will be featured at some 220 outlets and the online store of Boots, the largest pharmacy chain [...]
SEOUL, Dec. 8 (Korea Bizwire) – Annual exports from South Korea’s health care businesses are forecast to reach US$10 billion in 2016, the Ministry of Health and Welfare said Thursday. Outbound shipments of locally manufactured medicines, medical equipment and cosmetics products are expected to total $9.8 billion by the end of this year, up 19.1 [...]
SEOUL, Nov. 28 (Korea Bizwire) – South Korea will slap fines on manufacturers and retailers of cosmetics developed through tests on animals under a new regulation set to take effect in February, joining the global wave of bans on animal testing, the government said Monday. The Ministry of Food and Drug Safety (MFDS) said it [...]