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Korean cosmetics firm, Olive Young, has recently revealed its collaboration with Poland’s Gabona, aiming to steer its product distribution across Europe. Gabona is now set to manage the distribution network of three of Olive Young’s signature brands: Bioheal…
CJ Olive Young, a leading beauty retailer in South Korea, has embarked on a significant global partnership with Sephora, an entity of LVMH, to broaden the international presence of Korean beauty brands. Their strategy primarily revolves around leveraging…
The renowned K-beauty brand, Lunabella, has recently established its first flagship in Europe, labelled as W Lunabella, located in the prestigious Le Marais district of Paris. The Vision of W Lunabella W Lunabella aims to be a one-stop-shop for total beauty…
Korean beauty brand Lunabella has launched its inaugural European flagship store, W Lunabella, in Paris’ Le Marais district. This boutique is slated to be a comprehensive beauty solution center, offering not only cosmetics, but also bespoke consultations,…
CJ Olive Young, a South Korean retailer, has experienced a significant surge in sales from international patrons at its physical locations throughout the country. According to the company, between January and November, foreign visitors contributed to a…
South Korean retailer CJ Olive Young has announced plans to expand into the North American market with the opening of its inaugural store in Pasadena, California, scheduled for May. This move signifies a calculated venture of K-beauty brands into the global…
The K-Beauty industry is experiencing a notable resurgence, with startups raising an impressive $4.9 million in funding during the first four months of 2025, as reported by Tracxn. This revival can largely be credited to the sector’s renowned high-quality…
Three years ago, Suh Kyung-bae was the second-richest person in South Korea. Today he’s barely Top 10, a stark reversal in a K-beauty boom known for minting billionaires, not breaking them. Suh’s $3.6 billion fortune, down from roughly $8 billion in 2017, is…
Several major K-beauty companies were found guilty of misinforming consumers after paying influencers on social networks like Instagram to promote their products. South Korea’s Fair Trade Commission (FTC) ordered seven companies including AmorePacific, LG…
South Korea’s big-name beauty retailers are prepared to defend their market share from the launch of Sephora South Korea, which debuts this week. The first Sephora South Korea store will open in Parnas Mall in the upscale district of Gangnam in southern Seoul…
South Korea’s online exports surged 25 percent in 2018 from a year ago on the back of growing demand for K-beauty and K-pop related items such as album records and stationery supplies, government data showed. According to Korea Customs Service, Korea’s…
For Amorepacific, the last year has been painful in terms of both sales and brand development. The cosmetics giant saw its operating profit halve to 549 billion won (US$491 million) in 2018, just two years after it joined the “1 trillion-won sales club” in…
Men wearing makeup – once a practice unique to TV stars and celebrities – is becoming a part of popular culture in South Korea. As an increasing number of South Korean men are purchasing clothes, cosmetics, and other beauty products to take care of their…
South Korean cosmetics stores that have been the drivers of the ‘K-Beauty’ industry for the past 15 years are facing a crisis, exposing their limitations. The cosmetics industry is undergoing a series of transformations due to decreased demand from China and…
The Lipstick Effect has seen a rise in cosmetics sales despite South Korea’s economic downturn of 2018. The term The Lipstick Effect describes the phenomenon whereby colour cosmetics sales surge during a recession as consumers turn to small-ticket luxuries to…
South Korean Hotel Shilla has recruited five social media influencers across Asian countries to hype K-beauty products through Shilla Duty Free stores. The company said that it will work with top influencers from China, Japan, Vietnam, Malaysia, and Thailand…
