“You can see as much as you know, feel as much as you see, understand as much as you feel, and realize and practice as much as you understand.” The future of the Chinese cosmetics industry, market, and consumers is seen by a few people who have gone through the entire process from the front line of the Chinese cosmetics market to product planning, marketing, sales, and CEO over the past 20 years, which has seen a 'big bang' level of growth. What will the purchasing pattern be like? Although it is a broad issue that an interview of one or two hours would not be enough, one word emphasized by Ki
In 2Q 2023, LG H&H Co., Ltd. (The Company) reported 1.8tr won in sales (-3.0% yoy), 158bn won in operating profit (-27.1% yoy). The Company sales decreased mainly due to Beauty’s 8% yoy decline, while HDB and Refreshment sales grew slightly yoy. Operating profit for the Company decreased due to persistent cost pressure and expenses related to reorganization and efficiency of domestic and US business. ■ 2Q 2023 Results by Business Segment ▲ Beauty business 2Q 2023 sales decreased 8.5% yoy to 781bn won and operating profit decreased 24.9% yoy to 70bn won. Despite positive growth in domestic
Activon Co., Ltd. (CEO Yoon-gi Cho), a company specializing in R&D and production of cosmetic materials and raw materials, is moving quickly to expand its market dominance by introducing new raw materials based on natural materials to customers. Activon Co., Ltd., which participated in 'in-cosmetics Korea 2023' (July 12-14, COEX), an exhibition specializing in cosmetic raw materials and materials, helps restore the balance of skin microbiome damaged by UV through this exhibition. Activega-Cerebiome △ Activonol-LevaNA, a multi-functional material first unveiled by in-cosmetics global, met w