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10 Aug

In South Korea, skin care cosmetics for men are big business

When it comes to taking care of his skin, Lee Woo-jung just does the basics: toner, essence, moisturizer and “BB cream,” the tinted sun cream that covers up flaws without being too makeuppy. This kind of beauty routine is standard among image-conscious South Korean men in their 20s — which is to say, most South Korean men in their 20s. “People look at me differently when I take care of my skin,” said Lee, 27, a gym owner who was walking [...]

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07 Aug

In South Korea, Mcommerce Sales Near $15 Billion

Consumers in South Korea will spend nearly $15 billion this year on retail purchases via mobile device, eMarketer estimates. That amounts to 37.5% of retail ecommerce sales and 4.2% of total retail sales in the country, according to eMarketer’s latest forecast of retail sales around the world. Mobile commerce is growing far faster than sales on digital as a whole or retail as a whole—26.5% this year, vs. 11.0% growth in retail ecommerce and 1.8% growth in total retail sales. Just [...]

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09 Apr

In South Korea, cosmetics are the new smart investment as heavy industry lags

It’s not about looking younger, the 49-year-old head of Daishin Asset Management Co. says. Seo is trying to get first-hand insight into one of South Korea’s hottest stock-market bets: the cosmetics industry. Earnings growth is fueling the rally. Amorepacific, the nation’s largest cosmetics company, reported a 42 percent jump in 2014 net income. The producer of brands such as Etude and Mamonde has risen 158 percent in Seoul trading over the past year, making it the best performing stock in [...]

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