Lisa Yong, Director of WGSN Consumer Tech, said at the ‘AI, Our Next Partner’ seminar held at Megabox Seongsu, Seoul on April 18, “AI can help us with our work, so we must actively utilize AI tools. By understanding the history of AI, we can follow the technological development path and predict wher
Mintel, a global trend research company, selected and announced ‘Mintel’s Most Innovative (MMI)’. The MMI, which was held for the first time this year, is an innovation award selected by Mintel analysts in various consumer goods categories targeting new global products. From cutting-edge technologie
Samil PwC Management Research Institute (President Jaeyoung Choi) announced on April 9 that it had published a report titled ‘Changes in the K-Beauty Industry’. The report analyzed the global cosmetics industry by region, channel, and product trend changes.The much talked about topics in the beauty
Founded in 1978, Intercare Co., Ltd. is the first generation of the Korean cosmetics raw material industry and provides all-in-one services, from supplying technology based raw materials to providing cosmetic trend insight through raw material seminars. It has been a key player in creating a new par
Koryo red ginseng, a symbol of Korea, is recognized worldwide for its effectiveness. However, excellent ginseng also exists in Vietnam, called Ngoc Linh. Since its discovery, Ngoc Linh has become a national treasure of Vietnam. Ngo Linh ginseng costs U$4,000 per kilogram, and seasoned Ngoc Linh gins
CJ Olive Young (Olive Young) selected ‘Vibe Curation’ as the color tone trend keyword that will lead 2024. 'Vibe curation', which changes makeup depending on the mood just as daily change of clothes, is expected to drive the growth of the new K-beauty color tone market this year.According to Olive Y
Cosmax, a global cosmetics research, development and production (ODM) company, won the 'Innovation Technology Award' at the 55th 'Cosmoprof Worldwide Bolona 2024' held in Bologna, Italy from March 21 to 24. Cosmoprof exhibition is the world's largest beauty and beauty exhibition that encompasses bea
The ‘Pretime Synergia’ series, a cosmeceutical specialty brand, can now be found at Incheon Airport duty-free shops.Sangsin (CEO Soo-hyung Choi) launched its brand series 'Pretime Synergia Purple' and 'Pretime White' at the K-beauty indie brand select shop called 'All Grace' near Gate 30, west of Ci
‘How much should the price be set? What is the discount rate? How to optimize distribution sales? What about promotions? What products do consumers like these days?’Developing a cosmetics business comes with a series of questions. At the ‘2024 Beauty Seminar’ held at the Oakwood Premier COEX Center
Kolmar Korea is collaborating with Dermatest, a leading cosmetics safety measurement organization in Europe, to develop cosmetic efficacy evaluation methods.Kolmar Korea signed a ‘joint research agreement (MOU) for human application testing’ on March 7 at the Kolmar Korea Advanced Institute of Techn
Centered around its Australian subsidiary, COSMAX NBT is strengthening its focus on the halal health supplement markets in Indonesia and India.Cosmax NBT announced on the 15th that it will obtain MUI Halal certification in the first half of this year and begin targeting the Indonesian market in earn
Dongkook Pharmaceutical announced on the 13th that it will launch professional beauty device 'Madeca Derma Fine ULShot' through a strategic agreement with JSK (CEO Ahn Jung-seon), an aesthetic company.The decision comes through leveraging Dongkook Pharmaceutical plans to provide professional derma c
AmorePacific stated in a public announcement on September 1st that they will acquire a 100% stake in Tata's Natural Alchemy, the operator of the "Tata Harper" brand. AmorePacific raised about 168.1 billion won in paid-in capital increase for the acquisition.Tata Harper is a luxury skin care brand th
Kolmar Holdings Korea will work with Yeonwoo, an affiliated company, to commercialize eco-friendly cosmetic containers that are made out of recycled discarded plastic. The organization plans to strengthen ESG management by actively responding to global plastic waste issues, while leading the trend i
At the end of September, ‘Beauty Play’, a K-beauty experience and promotion center, will be open for business on the 3rd floor of Page Myeong-dong, across the Myeong-dong Cathedral. It is operated by the Korea Cosmetic Industry Research Institute with support from the Ministry of Health and Welfare.
Competitiveness of Jeju Cosmetic Ingredient IndustryHeritage in Jeju Island is a unique cultural and biological resource diversity. UNESCO also designated Jeju Island as the World Biosphere Reserve (2002), World Natural Heritage (2007), World Geopark (2010) and the Seven Natural Views (2011).Accordi
The Ministry of Food and Drug Safety released data on cosmetics production performance in 2019 in June. According to the data, the nation's cosmetics production exceeded 16 trillion won for the first time last year. However, the year-on-year growth rate was 4.9 percent, the second lowest in nearly a
SK Bioland's premium brand ReXRe has launched a 'Plantheory' line that offers answers to skin concerns from nature.SK Bioland's premium brand ReXRe launched a "Plantheory" line on July 1 that suggests answers to skin concerns from nature. Plantheory, a compound word of plant, theory and philosophy,
BRANDSTARS Selection Committee announced the final winning selections for 2019 Korean luxury brands.The committee categorizes the most loved brands in Korea, China, and Southeast Asia by categories and announces an overall evaluation of the brands throughout the Asia region.The brands selected for t
Korea Grand Sale 2020, an annual shopping, culture, and tourism festival for foreign tourists, will be held by the Visit Korea Committee for 45 days from January 16 (Thursday) to February 29 (Saturday) next year across the country.The 100-day countdown to the grand opening of the event began with pr