SEOUL, Nov. 25 (Korea Bizwire) – The 2016 International Beauty Expo Korea has kicked off at COEX, marking its 14th anniversary. This year’s expo has attracted 200 companies from six countries, highlighting their latest beauty and cosmetics products ranging from home care devices to cosmetics, hair products, and health food and beverages. Some 1,200 buyers [...]
SEOUL, Nov. 21 (Korea Bizwire) – South Korean shares of cosmetics and entertainment companies closed lower on Monday amid concerns over Chinese state-sanctioned retaliatory measures against Korea’s deployment of an American THAAD battery. Big-name K-pop producers, including SM (-8.16 percent), YG (-6.9), and JYP Entertainment (-2.79); film distributors and producers such as Showbox (-14.57) and [...]
SEOUL, Nov. 2 (Korea Bizwire) – South Korea’s online sales of goods abroad have more than doubled over the past year, official data showed Wednesday. The amount came to 550.2 billion won (US$480 million) in the third quarter of 2016, up 105.4 percent from a year earlier, according to the Statistics Korea. The sharp growth [...]
SEOUL, Oct. 26 (Korea Bizwire) – The market for genetic testing is growing steadily in Korea, with the government easing regulations in June, allowing commercial businesses to offer genetic testing services. Prior to the revision, consumers could only receive DNA tests at medical institutions. There are still limitations, however, as to the number of tests [...]
GOYANG, South Korea, Oct. 13 (Korea Bizwire) – K-Beauty Expo 2016 kicked off Thursday for a four-day run at KINTEX, gathering 450 companies, overseas buyers, and experts in various sectors of the beauty industry. The event marks its eighth anniversary, and this year’s trade show will feature a wide range of beauty products, from skin [...]
SEOUL, Oct. 13 (Korea Bizwire) – China was the biggest buyer of South Korean beauty products, taking up almost half of the country’s cosmetics sold overseas last year, data showed Thursday. According to the data submitted by the Korea Health Industry Development Institute to the National Assembly, China accounted for 41.1 percent of South Korea’s [...]
SEOUL, Oct. 10 (Korea Bizwire) – South Korean cosmetics have seen a dramatic surge in demand in overseas markets as their innovative makeup and skincare products are attracting a global audience, the Korea Trade-Investment Promotion Agency (KOTRA) said Monday. According to KOTRA’s survey on overseas buyers in 55 nations, cosmetics were the most popular item [...]
SEOUL, Sept. 23 (Korea Bizwire) – South Korea’s small-scale cosmetics firms are targeting niche markets by launching made-to-order manufacturing for other firms, a way of expanding their businesses without the cost of having to develop their own brands and marketing them, industry officials said Friday. K-beauty has caught on globally, allowing these companies to gain [...]
SEOUL, Sept. 7 (Korea Bizwire) – Cosmetics companies are launching customized services, a new business area the government adopted in March, finding colors and ingredients based on individual needs. Amore Pacific, the leading cosmetics maker that was the first to jump into the business, said Wednesday its made-to-order lipstick service at its Myeongdong store in [...]
SEOUL, Aug. 29 (Korea Bizwire) – Outbound shipments of food, beauty, fashion and personal care products soared in the first half of the year on the back of the growing popularity of the Korean wave, or hallyu, industry data showed on Monday. According to the data compiled by the Korea International Trade Association (KITA), exports [...]