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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…
Korea’s mid-sized cosmetics companies suffered losses in the third quarter of this year as they struggled to reorganize their business structures in the face of tough competition at home, industry sources said Sunday. Able C&C, which operates budget cosmetics…
South Korean cosmetics firm Skinfood has filed for court receivership after increasing financial losses. The company’s former popularity of a decade ago was hit by the 2015 Middle East Respiratory Syndrome (MERS) outbreak and diplomatic disputes between Seoul…
Unsafe levels of the heavy metal antimony have led to the South Korean government banning 13 cosmetics products. Some of the products, including eyebrow pencils from 3CE and Etude House, were previously available in Hong Kong and have been taken off store…
The Korean eco-cosmetics brand Innisfree has officially launched in the Vietnam market. The first Innisfree Vietnam store will open at 257 Hai Ba Trung St in District 3, on the edge of Ho Chi Minh City’s CBD on October 29. Vietnam is the ninth overseas market…
Three years after the Japanese luxury department store chain announced plans to enter Saigon, Takashimaya Vietnam opened its doors at the weekend. As the anchor tenant of downtown Ho Chi Minh City’s Saigon Center, Takashimaya takes up a whole five floors…
