SEOUL, April 10 (Korea Bizwire) — South Korean exporters are bracing for economic turbulence as the United States imposes sweeping reciprocal tariffs, effective April 9. The new trade measures levy a 25% tariff on South Korean exports—casting a shadow over high-performing sectors like K-food, K-beauty, and fashion that have found strong demand in the U.S. market. [...]
SEOUL, Jan. 30 (Korea Bizwire) — In a significant shift within South Korea’s beauty industry, “inner beauty” supplements are gaining momentum as the next frontier of K-beauty, marking a transition from traditional cosmetics to ingestible beauty products. According to industry sources, the inner beauty segment is experiencing rapid growth, driven by increasing consumer interest in holistic health [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s fashion and beauty industries are gaining significant traction in Japan, driven by the global popularity of K-pop and Korean dramas. Industry players are leveraging this momentum with targeted efforts to expand their presence in the Japanese market. Leading the charge, companies like Musinsa, CJ Olive Young, and department [...]
LAS VEGAS, Jan. 13 (Korea Bizwire) — South Korea’s K-beauty industry showcased cutting-edge innovations at CES 2025, held January 7-10, reinforcing its commitment to integrating advanced technologies like artificial intelligence (AI) into the beauty sector. Industry experts predict that this trend will drive even greater participation from beauty companies at future tech exhibitions. Amorepacific Group [...]
SEOUL, Jan. 13 (Korea Bizwire) — In a significant shift from K-Beauty’s initial value-focused approach, Korean fashion companies are pursuing international expansion with an emphasis on premium positioning and distinctive design, industry sources reported on January 12. Major Korean fashion houses are increasingly looking overseas amid domestic market challenges, including economic slowdown and unusual weather patterns [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korea’s K-Beauty industry has outpaced French luxury giants like Chanel and Lancôme to become the top imported cosmetics category in the United States and Japan, solidifying its position as a global cosmetics powerhouse. According to South Korea’s Ministry of Trade, Industry, and Energy, the country’s cosmetics exports exceeded [...]
ROME, Nov. 6 (Korea Bizwire) – Leading Italian daily newspaper La Repubblica has turned its spotlight on the growing phenomenon of Korean cosmetics, highlighting the global surge in K-beauty’s popularity in a recent article titled “The New Era of Korean Cosmetics.” In its November 2 report, the newspaper cited data from global market research firm Statista [...]
SEOUL, Aug. 23 (Korea Bizwire) – The popular Netflix series “Emily in Paris” has found itself at the center of a cultural controversy following the release of its fourth season. An episode featuring a storyline about a Korean beauty product has sparked outrage among South Korean viewers, who claim it mocks K-beauty trends and, by extension, [...]
SEOUL, Jul. 25 (Korea Bizwire) – The South Korean government has joined forces with the cosmetics industry to nurture small and medium-sized enterprises (SMEs) in the K-Beauty sector, a move that aims to solidify the country’s position in the global beauty market. Korean cosmetics, already a top export item for SMEs, have gained worldwide popularity. On [...]
SEOUL, Jul. 22 (Korea Bizwire) – As South Korea’s tourism industry rebounds, a new trend is emerging: foreign visitors are increasingly seeking out K-beauty experiences, from hair salons to personal color analysis sessions. An American tourist who wished to remain anonymous recently visited a renowned hair salon in Seoul’s trendy Hongdae district. “They perfectly executed the [...]