Shinsegae International is developing regenerative cosmetics using microalgae-derived exosome technology based on its joint research with Sungkyunkwan University (SKKU).
K-beauty retailer Olive Young is making inroads into the Middle East region with its in-house colour cosmetics brand and plans to launch more of its own brands this year.
K-beauty players are calling for a reform of South Korea’s functional cosmetics review and reporting system to foster innovation and make the domestic cosmetic industry more competitive on the global stage.
South Korean beauty retailer Olive Young has reported that 19 small and medium-sized beauty brands exceeded KRW10bn (USD7.9m) in annual sales for the first time in 2022.
South Korean major LG Household & Health Care (LG H&H) has attributed the 27.7% sales decline of its beauty business mainly to the disruptions brought about by Beijing’s zero-COIVD policy.
K-beauty giant Amorepacific records revenue growth of 83% and 37% in North America and Europe respectively in 2022 as China and South Korea markets report declines.
South Korean health and beauty retailer Olive Young says smaller domestic beauty brands are booming and proving key to the success of the K-beauty industry globally.
K-beauty brand Tolymoly’s efforts to strengthen its digital capabilities are yielding good results as sales from its online business, including its own e-commerce platform see growth.
K-beauty major Amorepacific is set to introduce a bioflavonoid extracted from camellia seeds with the launch of a new Laneige anti-ageing serum that targets three key skin ageing concerns.
South Korean multinational LG Household & Healthcare has reported a 7% decline in Singles’ Day sales this year, which it attributed to dampened consumer sentiment in China.
K-beauty major Amorepacific is extending its partnership with Japanese retail and media company istyle by launching Innisfree at the @cosme TOKYO flagship store this month.
South Korean cosmetic companies Amorepacific and LG Household & Healthcare (LG H&H) are turning their gaze westwards to the US for new opportunities as growth prospects in China dampen.
South Korean hair care brand Dr. Groot has launched a shampoo with brewer’s yeast that claims to benefit the microbiome and alleviate hair loss symptoms.
Customised cosmetics innovation will be a significant driver of the South Korean beauty market and will provide it “unique” competitive edge, according to a new review.
South Korean retailer Olive Young data has revealed that facial guasha sales have increased over six times in the first half of the year, signalling the growing importance of self-care among beauty consumers.
Upcycled seaweed could soon be available as an emulsifier in the Asian beauty and personal care market, with one firm keen to tap into clean beauty interest ‘as fast as possible’.
Olive Young has seen its global orders increase by 125% during its mid-year sales period, signalling strong overseas opportunities for the South Korean beauty retailer.
Indie brand Clapoti has launched a line of Korean-inspired foot care products that aims to breathe life into an old-fashioned category and encourage wider uptake across Europe, its founder says.
Colour cosmetics, ‘fashion’ hair dyes and perfumes were among the most in-demand categories among South Korean beauty consumers, according to new mid-year sales data from leading beauty retailer Olive Young.
South Korean consumer goods conglomerate LG Household & Health Care (LG H&H) has launched Freshian, a vegan-certified colour cosmetic brand in bid to attract the young set of millennial and Generation Z beauty consumers.
South Korean cosmetic titans Amorepacific and LG Household & Healthcare (LG H&H) have both recently launched shampoos that can conceal grey hairs to great success, signalling a huge demand for anti-ageing hair care products.
A new survey by Korea International Trade Association (KITA) has revealed that South Korea’s cosmetics industry was the most significantly impacted sector by the post-pandemic demand for eco-conscious products.
South Korean firm CJ OnStyle has launched a new personalised beauty brand with a bespoke shampoo it developed in collaboration with K-beauty ODM giant Cosmax.
The South Korean arm of South East Asian e-commerce platform Shopee has inked a deal with the Korean SMEs and Startups Agency (KOSME) to form a logistics service to facilitate the entry of Korean products to Poland.
K-beauty major Amorepacific has launched Longtake, a new sustainable clean beauty brand that makes use of upcycled oakwood to create its signature woody scents.
A new report by the Korean Trade-Investment Promotion Agency (KOTRA) has highlighted untapped opportunities for K-beauty in Laos, particularly for skin care.
The Korean cosmetic industry is predicted to grow in the second quarter this year despite the economic uncertainty, according to a new report by the Korean Chamber of Commerce and Industry (KCCI).
South Korean beauty conglomerate Amorepacific has announced the launch of a new personalised skin care brand for sensitive skin that offers consumers private one-on-one after-sales consultation services.
South Korean ODM company Cosmax has achieved record-high sales and operating profit figures due to strong performance in China and South East Asia, which helped to offset a decline in the US.
K-beauty brand The Face Shop has introduced its first vegan-certified skin care line which features eco-conscious refillable packaging to reduce the use of single-use plastic.
K-beauty brand aggregator B2LiNK’s acquisition of beauty application Picky is crucial for the firm’s long-term growth as it aims to become the “number one global digital skin care community”, says its CEO.
Amorepacific is taking a three-pronged approach for growth in 2022, including strengthening its branding and digital efforts, while also restructuring the business.
South Korean cosmetic products from SMEs and start-ups have chalked up the biggest growth in exports in the past decade and is now the second-largest category, according to a new report from trade chiefs.
LG Household & Health Care’s has completed the product line-up of its first-ever vegan make-up brand, Belif x VDL, with the addition of seven more products to the existing line-up.
South Korean conglomerate LG Household & Health Care has reported a 2.9% dip in sales triggered by the logistics crisis brought about by the COVID-19 pandemic.
Knowledge of the Gen Z and millennial consumer combined with a burgeoning global reputation are two of the reasons Korean major Amorepacific has taken a 38.4% stake in cult K-beauty brand COSRX, as it looks to expand its own footprint overseas.
South Korean beauty content platform PowderRoom is expanding its business into e-commerce and product co-creation to tap into the digital opportunities generated by the COVID-19 pandemic.
A beauty company specialising in made-to-order skin care inspired by fine cuisine believes fresh beauty, products that are made-to-order in small batch production, will be the next trend to follow the clean movement.
The demand for luxury beauty brands such as Sulwhasoo has helped to drive cosmetic firm Amorepacific’s recovery domestically and in overseas markets including China and Europe.
The Korea Trade-Investment Promotion Agency is expanding logistics support services and creating an emergency budget to help small and medium-sized enterprises that are under pressure.
South Korean male beauty brand Tieso is turning to live commerce to help it make headway into the difficult Singapore market as the retail environment remains uncertain in the face of COVID-19.