SEOUL, Aug. 10 (Korea Bizwire) – Sometimes we want to stay blind to what’s in the food, drinks, and other products like cosmetics that we consume or use on a daily basis. And perhaps to shatter some of this illusion, Korea’s Rural Development Administration (RDA) has just succeeded in commercializing cosmetics using an antibiotic substance [...]
SEJONG, Aug. 3 (Korea Bizwire) – South Koreans’ direct purchases from foreign countries edged up in the second quarter of this year, with online purchases of Korean products by overseas shoppers nearly doubling, government data showed Wednesday. Koreans’ direct purchases of foreign goods via overseas online shopping malls reached 411.8 billion won (US$369.3 million) during [...]
SEOUL, July 25 (Korea Bizwire) – CLIO, a Korean cosmetics maker, revealed Monday that it had successfully secured a $50 million investment from L Capital Asia, a private equity fund formed in 2009 by LVMH (Moet Hennessy Louis Vuitton). This marks the fund’s second venture with a Korean enterprise following its investment in YG Entertainment [...]
SEOUL, May 24 (Korea Bizwire) – South Korean cosmetics manufacturers have grown quickly in China on the back of their advanced production technology and K-beauty boom in the fast-rising market, industry officials said Tuesday. Chinese cosmetics brands have expanded their partnerships with Korean original design manufacturers (ODMs), which design and manufacture a product as specified and [...]
SEOUL, Feb. 16 (Korea Bizwire) – Diem Xuan Nguyen was instantly hooked on cushion foundations when a Korean friend of her mother gave one to her last year. “I love how light it felt, especially in the summer,” said the 27-year-old Vietnamese-American living in Seoul. “Foundations can be like a layer of ganache, but a [...]
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 [...]