A new study predicts that the global K-beauty market will be worth $21.8 billion within the next six years, as increased interest in organic ingredients and innovative skincare drives consumers towards the growing trend.
A South Korean cosmetics firm, backed by Japan's Nihon Kolmar, issued a public apology on Friday and its website remained down after its chairman showed employees a video praising Japan's prime minister.
Looking to accelerate the growth of its brands in Europe and Asia, South Korean beauty giant AmorePacific, owner of LaNeige, Innisfree and Sulwhasoo, has entered into a strategic partnership with A.S.Watson Group.
Johnson & Johnson, L’Oreal and others have splashed out on cutting-edge cosmetics in Japan and Korea, seeking clout and innovation. But local beauty brands like Shiseido and Amorepacific could still reverse the trend.
Amorepacific has opened its first beauty pop-up in NYC. The space features Korean beauty, fragrance, color and skincare products as well as meet and greets with beauty experts, on-site treatments, and product sampling.