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
'700,000' '600%'. 700,000 is the number of new clean beauty brands that entered Tmall International in 2021. 600% is Tmall's clean beauty sales growth rate as of 2022. Now the world moves in an eco-friendly way. The clean beauty boom is also strong in China. In 2022, the overall sales volume of cosmetics in China declined by 4.5% in 10 years. On the other hand, overseas clean beauty brand sales increased by 26% compared to 2021. China accounts for about 36.5% of the global clean beauty market. The Chinese clean beauty market is led by the MZ generation. It has been found that young people in t
<Continued from Part ①> AmorePacific and LG Household & Health Care fell to 7th place in the national ranking Among the top 50 companies, Korea's two top companies such as Amorepacific and LG Household & Health Care experienced the largest decline except for Nu Skin (-23.7%). LG H&H, which ranked 12th last year, fell 21.0% to $3.38 billion, down 7 places to 19th, and Amorepacific, which was 13th last year, fell 17.2% to $3.39 billion, down 5 places to 18th. As the two companies went through a downward trend together, only the order was reversed. Bath & Body Works rose to…
Personal colors are consistently popular. Personal color, which means a color that suits an individual, is valued in the beauty and fashion areas. Not only stores that diagnose and inform personal colors, but also apps have appeared. Personal color is divided into skin, eye, and hair color. It is a look that makeup tastes are subdivided according to spring warm, summer cool, and autumn warm. The personal color trend is also strong in Avery. Products specializing in personal colors sell well. Lilybyred contains personal colors in the 'Mood Keyboard Shadow Palette'. Palettes with names such as '
On December 29 of last year, US President Joe Biden enacted the Food and Drug Omnibus Reform Act of 2022, including the Modernization of Cosmetics Regulation Act of 2022(MoCRA) was signed. This is the first amendment to the US Cosmetics Act since 1938. With the establishment of MoCRA, domestic cosmetics companies and related companies are flooded with inquiries related to company and product registration, and various issues related to this are also occurring. Regarding this, Cosmorning publishes two special articles written by Hong Jeong-hoon, CEO of Resources of K Beauty (ROK), which speciali
Last year, the total sales of cosmetics and beauty companies in the world's top 100 by sales amounted to US$ 232.6884 billion (approximately KRW 304.5112 trillion), down slightly by -0.9% from the previous year. appear. (However, regardless of the company's situation in 2022, the total sales of the top 100 companies as of 2021 were $235.3626 billion, a -1.1% decrease based on this) Cosmorning obtained and analyzed the latest report of '2022's Top 100 Global Beauty Manufacturers' published by WWD, a media specializing in beauty and fashion in the United States. 33) △ Japan (13) △ France (11) △…
'If you see your father, kill him. When you meet a god, kill him. Break the bridge you crossed over. Cut off that hand that hands you black money. Put a gag on the tempting mouth.' Humans have a moment to kill their master. The time comes when he must reject gold. It is at this point that growth takes place. He must not look back and he can go forward. When we cannot let go of the past and when we try to go backwards, mankind regresses. Disasters happen when you go against the flowing river. The election for the 25th Korea Federation of Beauty Society has ended. Looking at this election, 'back
2023 Cosmetics Policy Briefing This year's major policies in the cosmetics field are △ regulatory innovation to support autonomy and creativity △ support for exports by enhancing international credibility △ a series of detailed plans with a focus on three directions: enhancing the competitiveness of the domestic cosmetics industry. In particular, six innovation tasks included in the 'Regulatory Innovation 2.0' announced yesterday (21st) (seven if sanitary products are included) will also be carried out according to the period set for each task. Ministry of Food and Drug Safety (Minister Oh Yoo
The pilot operation of e-labels for cosmetics labeling and product information, which allows various safety information to be checked in real time through digitization of cosmetic labeling information, is expected to begin in March next year at the earliest. In addition, △Customized screening of hair dyes for automated devices (December 2023) △International harmonization of cosmetic color quality management (December 2023) △Operation of cosmetics GMP harmonized with international standards (June 2024) △Various support for cosmetics exports A roadmap for six regulatory innovation tasks in the c
'One more time, Seon Shim Lee'. The public sentiment of beauticians once again turned to Lee Seon-sim. Lee Seon-sim was elected as the 25th president of the Korea Beauty Society. With 375 votes, he succeeded in being reappointed as chairman following the 24th generation. The difference between candidate Kim Jin-suk and second place candidate Kim Jin-sook was 165 votes, taking the overwhelming first place. Candidate Jin-sook Kim got 210 votes, Candidate Mi-rim Han got 91 votes, and Candidate Jeong-jo Park got 2 votes. The Korea Beauty Society Federation held an election for the 25th president i
'Collabo With Reviewty' program where 'Reveiwty', which has secured 1.5 million Vietnamese users and is strengthening its status as a beauty commerce platform, seeks opportunities for Korean micro-cosmetic brands to enter Vietnam together. was launched and started full-scale operation. 'Reviewty' is promoting a review-feed-based beauty community and live commerce that connects professional resellers and users as business models. It is a beauty commerce platform that is growing while leading the Vietnamese beauty market through various services, including product video reviews by local influenc
As the export situation to the Chinese market is engulfed in turbulence, the value and interest in the Japanese cosmetics market are increasing. From basic regulations to the latest trends, products preferred by consumers, and distribution strategies, you can meet the 'one-shot solution'. opportunity is provided. The Korea Cosmetics Industry Research Institute (President Lee Jae-ran· www.kcii.re.kr ·hereinafter Researcher) said, “In order to diversify the export of Korean cosmetics, we are targeting domestic cosmetics companies and related persons aiming to enter Japan in July. On the 11th (Tu