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AmorePacific’s Q4 Net Plunges 76% Due to Drop in Tourists

SEOUL, Jan. 31 (Korea Bizwire) – AmorePacific Corp., South Korea’s top cosmetics maker, said Wednesday its fourth-quarter net profit dropped 76.2 percent from the previous year, due largely to a sharp decline in the number of Chinese tourists. Net income came to 17.3 billion won (US$16.17 million) in the October-December period, compared with 73 billion won the previous year, the company said in a regulatory filing. Operating profit fell 24.7 percent on-year to 76.9 billion won [...]

It’s Skin Soars in Cosmetics Brand Rankings

SEOUL, Feb.18 (Korea Bizwire) – Changes are afoot in the cosmetics industry, with brand rankings in turmoil. It’s Skin climbed up to rank fourth due to its success with ‘snail cream’, and the formerly fourth ranked Etude dropped to sixth after slow sales continued for two years straight. According to industry analysts, The Face Shop [...]

Massive New Innisfree Store Coming to Shanghai

SEOUL, Nov.25 (Korea Bizwire) – Innisfree, the natural cosmetics brand from Amore Pacific, is opening its largest store in China. Amore Pacific announced that the brand will be opening an 8,900 square foot store in Shanghai. This is the largest store among all of Innisfree’s retail locations, and also the largest among all the cosmetics [...]

Who do you think looks younger?

A: I look younger than you! B: No way, I have a real baby face. A and B: Who do you think looks younger? …None of you looks young!!! SEOUL, Korea, Sep 13 (Korea Bizwire) – Now, women are paying attention to men’s skin. Innisfree has come on the scene to rescue men [...]