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Korean Beauty Trends & Industry News: 23-10-10


Guidelines on Using Cosmetics for Infants and Children: From Banned Ingredients to Emergency Measures

The Food and Drug Safety Administration has released guidelines on the use of cosmetics for infants and young children. Specifically, cosmetics containing Red No. 2 (Amaranth) and Red No. 102 (New Coccin) are banned. Furthermore, caution is needed when products contain ingredients like butylparaben, propylparaben, isobutylparaben, and isopropylparaben. For children under the age of 3, these products should not be used on diaper-contact areas. The same goes for salicylic acid and its salts, except for wash-off products.

If skin becomes itchy or red after using cosmetics, discontinue use and consult a doctor immediately. Always check for these banned and cautionary ingredients before use.

Additionally, extra care should be taken to ensure that infants and children do not ingest cosmetics. Store these products out of reach and if ingestion occurs, induce vomiting by giving milk and contact the seller for emergency measures.


EU Bans Microplastics in Cosmetics: Reasons and Alternatives

The European Union (EU) is taking proactive steps to address microplastic pollution, particularly in the realm of cosmetics. Starting from April 2023, adding microplastics to cosmetics will be completely banned. This will bring significant changes for both manufacturers and consumers who don't comply.

The European Chemicals Agency (ECHA) estimates the cost of implementing this ban to be up to €19 billion but expects to prevent around 500,000 tons of microplastic emissions. This is part of the 'Zero Pollution Action Plan,' which aims to reduce microplastic pollution by 30% by 2030.

Microplastics are commonly used in cosmetics as emulsifiers, exfoliants, and emulsions but are harmful to the environment as they do not decompose naturally. Manufacturers are given 4-12 years to remove or replace these materials. The sports-related environment will have an 8-year transition period, starting with scrubs.

This issue is gaining global attention, with primary sources of microplastics including car tire dust. Everyday products like toothpaste and face wash also often contain microplastics, demanding the urgent development of alternative products.


Olive Young Faces Up to 580 Billion Won Fine: Monopoly Allegations and Fair Trade Commission's Verdict

Olive Young, a dominant beauty and health retailer, is under investigation by the Fair Trade Commission (FTC) for abusing its monopolistic position. The FTC believes that Olive Young coerced exclusive contracts with partners, harming competition and gaining additional profits by purchasing products at discounted rates and selling them at regular prices. As a result, Olive Young has captured over 90% of the market share, leading competitors to bear massive losses.

The estimated fine could go up to 580 billion won, accounting for up to 6% of the company's total revenue. Online retailer Coupang has also criticized Olive Young's behavior. Olive Young's CEO, Lee Sun-jung, is expected to be summoned to a parliamentary audit as a witness.

Olive Young responded by stating they are currently submitting their arguments, and the FTC will make its final decision within the month. The company believes there is still room for adjustment during the final review phase. The issue is expected to have a significant impact on the beauty market.
Location: South Korea

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