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South Korean Agricultural Agency’s Royal Jelly Cosmetic Proves Effective in Anti-Wrinkle Treatment

JEONJU, Aug. 24 (Korea Bizwire) – A cosmetic product derived from royal jelly, patented by South Korea’s Rural Development Administration (RDA), has demonstrated remarkable effectiveness in reducing wrinkles, according to skin experiments conducted by the agency. The RDA announced on Wednesday that its royal jelly-infused cosmetic had been registered as a functional anti-wrinkle product with the [...]

‘Luxury Taxes’ Abolished for Certain Items

SEOUL, Dec.1 (Korea Bizwire) – Aficionados of certain high-end goods will be pleased to find out that some items have been removed from the ‘Individual Consumption Taxes’ list, meaning they will now be exempt from what is often referred to as a ‘luxury tax’. Perfume, cameras and deer antlers were removed from the list, but [...]

Perfume to Be Exempted from Taxation Starting 2015

SEOUL, Aug. 14 (Korea Bizwire) — Beginning January of next year, the government will exempt taxes on perfume, deer velvet antler, and royal jelly for purchases less than 150,000 won (US$145.60). With the new measure, it is expected more consumers to make online purchases of perfumes from overseas shopping sites. According to the Ministry of Strategy & [...]