▶주메뉴 바로가기
▶본문 바로가기
Korean beauty giant Amorepacific announced on Dec. 17 that it has signed a strategic partnership deal with US-based cosmetics company Milk Makeup.Established in 2015, Milk Makeup is known for its “clean-beauty” products, which are cruelty-free and vegan. The products are currently sold a...
Japan is threatening to overtake South Korea’s No. 1 status in China’s imported cosmetics market this year, industry data showed Dec. 12, mainly on the back of the growing popularity of low- to mid-priced products. Japanese companies accounted for 25.2 percent of China’s importe...
Korean cosmetics startup MBX, which recently switched the company’s name and branding from Memebox, announced on Dec. 6 that it would launch a new skincare brand with US-based multi-brand cosmetics store operator Sephora.“We were able to stay tight with Sephora as we understand the deman...
China’s import value of South Korean instant noodles jumped fivefold last year compared to 2014, industry data showed on Dec. 1.According to the Korea Trade-Investment Promotion Agency, China imported $100 million (118 billion won) worth of South Korean instant noodles last year, up from $15.1...
The number of foreigners visiting local duty-free shops surpassed 1.8 million last month, hitting the highest monthly mark since late 2016, industry data showed Nov. 28. Statistics provided by the Korean Duty Free Association said more than 1.8 million foreigners visited duty-free stores in the cou...
Private equity firm Unison Capital announced on Nov. 21 that it will buy a 60 percent stake in local online shoe shopping mall operator Sappun for 35 billion won ($29.7 million).Sappun’s corporate value is estimated to be around 60 billion won. The two companies will sign a stock purchase...
South Korean fashion giant LF announced on Nov. 19 that it has opened an additional Hazzys outlet in Vietnam.The new 130-square-meter outlet is located on the second floor of the Diamond Plaza Department Store in Ho Chi Minh City, its fourth in Vietnam.The company explained that the new store carrie...
US-based cosmetics giant Estee Lauder announced on Nov. 19 that it will acquire Korean cosmetics company Have&Be, which is the parent company of popular skin care brand Dr. Jart.Have&Be’s corporate value is expected to total around $1.7 billion, according to industry insiders.Estee Lau...
An affiliate of South Korea’s leading furniture maker Hanssem Group opened a new flagship store in Seoul on Nov. 19. Spread across 3,300 square feet, Nexus Flagship Seoul is located in Nonhyun-dong, southern Seoul, where many upscale furniture stores are concentrated. The new space will displ...
South Korean battery developer Iljin Materials announced Nov. 13 that it has received 600 billion won ($512.47 million) in funding from local private equity firm STIC Investment through its unit in Malaysia.The PEF directly funded Iljn Materials Malaysia through a “STIC special situation fund ...
The National Pension Service of Korea said on Nov. 14 it will vote in favor of Fila Korea’s plan to turn into an intermediate holding company and split off its Korean operation under its umbrella. NPS, the world’s third-largest pension fund by assets under management, is Fila Korea&rsquo...
Korean cosmetics giant and private equity firms are considering acquiring global cosmetics brand Physiogel, which is known for its moisturizers, according to industry sources Nov. 13.In June, global pharmaceutical company GlaxoSmithKline decided to sell Physiogel as part of its plan to restructure i...
China’s Singles’ Day, the country’s biggest shopping blitz created by e-commerce giant Alibaba, hit another record on Nov. 11, selling goods worth 84 billion yuan ($12 billion) in the first hour, jumping 22 percent from the same period a year ago. In the first 10 hours, it sold goo...
South Korean cable TV operator D’Live is hoping to sell Cube Entertainment, the agency behind K-pop signers BTOB and (G)I-dle, according to industry sources Nov. 11.The company has picked EY Han Young to organize its sale.According to sources, Korean cosmetics company VT GMP, a Chinese enterta...
Haimarrow Food Service, a local hamburger franchise operator, announced on Nov. 5 that is has decided to sell 57.85 percent stake held by its Chairman Jung Hyun-sik.The PEF will also acquire 1,283,949 shares of convertible bonds after conducting due diligence over the next few weeks, according to th...
BlackRock sells some of Coway stake
Dunamu’s Q1 profit likely to exceed market expectations on surging coin trades
Shinhan Asset to shy away from domestic equities with low ESG scores
Concerns rise as more young Koreans dip their toes into crypto market
[Feature] Korea’s aging society faces burden of rising debts, heavy taxes
Korea’s coal power plants to lose profitability before lifetimes end: study
17 Korean startup founders named Forbes‘ young innovators
Kospi hits fresh high on foreign, institutional buying
April 23, 2021
![[Feature] Korea’s aging society faces burden of rising debts, heavy taxes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=151&simg=/content/image/2021/04/22/20210422000212_0.jpg&md=20210422103252)
