A CJ Olive Young outlet in Seoul South Korea’s beauty industry is undergoing a major reshuffle, with new players rising to prominence while established giants face growing competition.For years, Amorepacific Corp., LG H&H Co. and Aekyung Industrial Co. have dominated the K-beauty sect
Sulwhasoo is AmorePacific's premium cosmetics brand South Korea’s two largest cosmetics makers, Amorepacific Corp. and LG H&H Co., are recovering from years of lackluster overseas business performance, particularly in China, where patriotic consumption has been elbowing out foreign co
(Captured from the Cosrx store on Amazon.com) The popularity of South Korean cosmetics in the US has increased, with sales of the products growing at four to five times the rate of the market as a whole. According to Samsung Securities on Tuesday, sales of South Korean basic cosmet
(Captured from Hwasung Cosmetics’ website) Singapore-based private equity firm Affirma Capital has turned Hwasung Cosmetics into an emerging original design manufacturer (ODM) for global beauty product brands through aggressive investment in research and development during the COVID-19 pe
Show hosts on Korean home shopping channel GS Shop selling Manyo Factory cosmetics KL & Partners, a South Korean private equity firm, has agreed to buy Kosdaq-listed cosmetics company Manyo Factory Co., which has been building its presence in Japan and the US, according to investment bankin
Korean cosmetics counter (Courtesy of Yonhap) South Korea’s cosmetics products, also known as K-beauty, have gained global renown, overtaking French brands such as Chanel and Lancôme to emerge as the No. 1 imported beauty goods in the US and Japan.According to industry and governmen
Bibigo store South Korean food, beauty and fashion companies, which have enjoyed robust demand for their products in overseas markets this year, will grow bolder with their global expeditions in the new year amid rising economic and political woes at home. CJ CheilJedang Corp., Korea&rsqu
Dalton Investments Inc., a US-based activist fund, has secured a 5.02% stake in South Korea’s Kolmar Holdings Co., stoking speculation the world’s No. 3 original development manufacturer (ODM) for cosmetic products would become a new shareholder activism target.Dalton, with $4.3 bi
(Courtesy of LG Chem) LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, is targeting the functional cosmetics market with bio-materials derived from vegetable oil as it seeks new growth drivers.LG Chem unveiled a plan on Thursday to develop products using fully bio-based 3-
Korean cosmetics counter (Courtesy of Yonhap) South Korean cosmetics are top picks among beauty products on Amazon.com and other global e-commerce platforms amid the growing popularity of K-beauty products worldwide, government data showed.The strong sales of Korean beauty products are led by &
South Korea's cosmetic and clothing company APR said on Monday that it entered PureSeoul, a UK-based distributor specializing in K-beauty.PureSeoul is a company that exclusively sells South Korean cosmetic products in the UK. In addition to its online store, it operates offline stores in popul
Jang Won-young, a K-pop singer of the girl group IVE, is an ambassador of Amuse South Korea's Shinsegae International Inc. announced on Friday that it will acquire 100% of Amuse Corp., a cosmetics brand, for 71.3 billion won ($52.6 million) to expand its cosmetics business beyond luxury product
An Olive Young beauty store in Seoul South Korean cosmetics original development and design manufacturers (ODMs) such as Cosmax Inc., Kolmar Korea Co. and Cosmecca Korea Co. are estimated to have posted their highest quarterly profit in the second quarter of this year. The rise of K-pop a
Beauty of Joseon, a mid-sized cosmetics brand in Korea (Courtesy of Beauty of Joseon) Kolmar Korea Co. and Cosmax Inc., South Korea’s leading cosmetics suppliers to multinational conglomerates like L'Oréal S.A., are enjoying skyrocketing profits thanks to fast-growing smaller beaut
Poiret Lounge at Frieze London 2023 (Courtesy of Shinsegae International) South Korea’s Shinsegae International Inc. targets the global luxury cosmetics market with its own house brand as it aims to transform into a global high-end beauty creator from an importer of premium items for the