Vietnam's OLIN Group has strengthened its position as the best distribution company in the cosmetics and skin care sector in Vietnam by signing exclusive distribution contracts with three K-beauty brands and strategic distribution contracts with two other premium brands. I'm going. Quynh Lien Nguyen, CEO of Olin Group's distribution division, visited Korea last August and signed exclusive distribution contracts in Vietnam with K-beauty brands △ CHICRÈME △ BELLE PEAU △ ORAE. In addition, the company has laid the foundation for enhancing its status in the Vietnamese cosmetics market by concludin
2023 Global Cosmetic Focus Plan Ⅰ-USA and France Consumers in the United States, which boasts the world's largest single cosmetics market, and France, a recognized leader in the cosmetics industry, recognize the differentiation points of K-beauty, but give poor evaluations of the brand's popularity. At the same time, American consumers pointed out inconveniences during use, and French consumers responded by expressing both favorable reviews and dissatisfaction with the ingredients and raw materials. This is what the Korea Cosmetic Industry Research Institute (President Lee Jae-ran, www.kcii.re
The '2023 Intercharm Korea × Mintel Trend Awards' will be held for the first time this year. It will be held at COEX C and D Halls in Samseong-dong, Seoul from today (30th) to September 1st. The 'InterCHARM Korea. It was prepared by Mintel, a global trend research company, in partnership with Intercharm. At this year's awards, hundreds of products from about 400 beauty companies were analyzed. Mintel selected the winners based on ‘2023 Beauty Personal Care Trend Keywords’. Mintel trend keywords are data analyzed from consumer behavior patterns, consumption methods, and new product database. Th
As the export front in the Chinese market has cooled rapidly since last year, voices for diversification of export countries are also getting louder. Russia and Kazakhstan are two places that are worthy of attention even in this situation in which Korea's cosmetics exports are facing. In the case of Russia, export performance until the first half of last year was $168.52 million. This is a 31.9% increase compared to the same period last year, and it ranks 6th with a 4.1% share of total exports. Kazakhstan raised $36.71 million during this period. Although the market share is not high, the year
Korea's cosmetics exports in July recorded $649 million, up 5.8% from the same period last year. However, it failed to maintain the $700 million mark, which was $769 million in May and $746 million in June, a decrease of $97 million or 13.0% from the previous June. . According to the 'Export and Import Trends in July' announced by the Ministry of Trade, Industry and Energy (Minister Lee Chang-yang, www.motie.go.kr ) today (1st), Korea's cosmetics exports during this period were 467 million compared to last January. The dollar fell to $649 million, the third lowest this year after $646 million
“Future K-Beauty Customers Meet Youths Around the World” Korea Cosmetics Industry Research Institute (President Lee Jae-ran· www.kcii.re.kr ) held the '2023 Saemangeum 25th World Scout Jamboree' held at the Jamboree site in Saemangeum, Jeollabuk-do from tomorrow (August 1st) to the 12th. ' to open a 'K-beauty promotion booth' and set out to catch future K-beauty potential customers. World Scout Jamboree, where researchers set up publicity booths, is an event hosted by the World Scout Federation in which youths from all over the world communicate and exchange, transcending differences in race,
'K-Beauty?' 'Beauty-K!' K-beauty-related reports from South America, on the opposite side of the globe, are attracting attention. Last year's export performance was $7.015 million, down 23.0% from $9.108 million in 2021, but the average annual growth rate for the five years from 2018 was 27%, Korean cosmetics blowing in Chile, K-beauty here. This is the report of the KOTRA Santiago Trade Center that they are targeting consumers with a separate brand called 'Beauty-K'. According to statistics from the Korea International Trade Association (KITA), Chile is a country that forms the third largest
'Foreign tourists in their 10s and 30s buy sunscreen in Apgujeong-dong and Seongsu-dong. Family tourists went to Myeong-dong and Dongdaemun and put basic cosmetics in their shopping carts.' This is the result of Olive Young's analysis of cosmetics sold in the tourist area. In the first half of this year, the most purchased product by foreign travelers in tourist areas was 'Round Lab Birch Moist Sunscreen'. Olive Young said, “The product that overseas beauty YouTubers and Tik Tokers must introduce on their K-beauty shopping list is sunscreen. In foreign countries, there are many products that a
In summer, which has come a month earlier, the dressing table has been transformed. Cooling products occupied an idol center-level position on the dressing table. Recently, due to the sweltering heat of over 30 degrees and humidity during the rainy season, the skin temperature has risen rapidly. Skin that is heated is prone to trouble due to increased sebum. In addition, moisture evaporates and the skin barrier is damaged, which causes aging. Cooling products that lower the skin temperature in summer are popular. Labelyoung's 'Pankku Soap Cool Version' lowers the skin temperature with cool bub
Korea's cosmetics exports are repeating ups and downs every month. In June, cosmetics exports recorded $746 million, up 13.8% from the same period last year, but decreased by $24 million, or 3.1%, from May. As a result, the cumulative performance of cosmetics exports in the first half of the year was $4.083 billion, a slight increase of 0.6% from the export amount of $4.057 billion in the first half of last year. Although it is small, it is a sigh of relief in that it has overcome the cumulative growth rate of minus 1.7% until last May and turned to a positive phase. According to the May impor
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UPDATE: May 13, 2024, 11:22 AM
