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Korean Beauty Trends & Industry News: 24-01-08

Korea's Men's Beauty Market Continues to Grow, Setting Global Consumption Record In Korea, there's a rising trend in men's grooming and skincare, leading to a significant boost in the beauty industry's revenue. According to Euromonitor, in 2022, South Korea recorded the highest per capita consumption of men's skincare products globally, averaging $9.6 per person, surpassing countries like the UK and Denmark. The Korean men's beauty market saw an increase from 1.105 trillion won in 2022 to 1.11 trillion won last year, with projections reaching 1.121 trillion won this year. CJ Olive Young reported a 30% increase in sales of men’s beauty products last year, attributed to the diversified purchasing patterns of men in their 20s and 30s, expanding from basic skincare and shaving products to makeup, lip balms, and hair treatments. Cosmetic companies are aggressively launching and enhancing men's exclusive brands. AmorePacific's men's total styling brand
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How AI Transforms Cosmetics Industry & Shapes Future Beauty Trends

     The cosmetics and beauty industries have always been at the forefront of change and innovation. At the heart of this evolution, Artificial Intelligence (AI) is now leading these sectors towards even more captivating and personalized experiences. From our beauty routines in front of the mirror each morning to the moment we explore new cosmetics online, AI seamlessly integrates into our daily lives. AI's customized solutions and groundbreaking technologies are transforming not just our cosmetics but also the way we view ourselves. With AI's assistance, the cosmetics industry is becoming more personalized, accessible, and dedicated to beauty for everyone. In this post, we will explore the innovations AI is bringing to the cosmetics industry and how this technology could enrich our future beauty experiences. Let's discover the new possibilities AI and beauty together may unveil. Current Applications of AI in the Cosmetics Industry      The cosmetics industry is experiencin
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Korean Beauty Trends & Industry News: 24-06-11

CJ Olive Young's "Ollyoung Sale" Dominated by Local Small Brands      CJ Olive Young's recent "Ollyoung Sale" saw local small business brands sweep the top 10 in sales. The sale, which ran from May 31 for seven days, recorded all top 10 selling products from domestic small business brands. Independent brands, known as "indie cosmetics," make up over 80% of CJ Olive Young's product lineup. This sale highlighted summer essentials like sunscreens and soothing skincare products. Notable products included Dr.G Red Blemish Clear Soothing Cream, Torriden Dive-In Serum, Mediheal Madecassoside Spot Pad, and Round Lab Birch Juice Moisturizing Sunscreen. Brands like Dr.G, Round Lab, Mediheal, and Torriden each achieved an average daily sales of 1 billion KRW during the sale. Dr.G, a prominent small business brand, offers a variety of products including their bestseller cream, sunscreens, essences, and cleansers. Round Lab expanded their product line from
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