Logistical challenges and energy struggles are plaguing smaller independent beauty brands such as Shakeup Cosmetics, which says it is doing as much as it can not to pass on rising costs to its consumers.
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.
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.