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
K Beauty, which refers to Korea's cosmetics, is positioned as an icon of innovation with reasonable prices, excellent quality, and creative ideas in the world cosmetic market. Only a few years ago, Korea, which had not attracted much attention in the cosmetics field, is now receiving the attention o
DAEBON LS, a company specialized in cosmetics material, signed a business agreement with ILSHIN WELLS on April 25th for developing Bio-conversion oil.The signing ceremony was held for the production of bio-conversion oil, a 'world-class' product that will be introduced this year by DAEBON LS, which
The Ministry of Science and ICT recently announced that the number of R&D companies, which is a representative innovation model for R&D special zones for successful commercialization of public research and development achievements, exceeded 700. Among them, 39 were the cosmetic research institutes.
Exports of cosmetics increased by 26.6 % on-year last year. Exports amount to 6.278 billion dollars. According to the 2018 Export-Import Trends released by the Ministry of Trade, Industry and Energy on Jan. 1, exports of cosmetics rose 26.6 % on-year which is in the amount of $6.27 billion. Exports