Skip to main content

Korean Beauty Trends & Industry News: 24-05-08


Cosmax Leads in Cosmetics with New Hair Loss Evaluation Technology

    Cosmax, a South Korean cosmetics company, has announced the development of a novel hair loss evaluation method using "hair and follicle mimicking organoids." This technology was showcased at the 2024 Organoid Developer Conference in Seongnam, Gyeonggi Province last month. 

Organoids, made from stem cells, excellently replicate human cellular structure and function. In collaboration with OrganoidScience, Cosmax has successfully recreated androgenetic hair loss symptoms by introducing growth factors into reprogrammed stem cells to create a scalp mimic. 

Furthermore, their proprietary ingredient "Soyact" has been validated for its effectiveness in suppressing male pattern baldness and received non-prescription functional certification from the Korean Ministry of Food and Drug Safety. Cosmax sees this technology not only advancing hair loss treatment materials but also setting a new standard in cosmetics, moving towards replacing animal testing with organoid use.


Hyundai Card and Olive Young Accelerate Beauty Innovation with PLCC Partnership

Hyundai Card has formed a groundbreaking partnership with Olive Young, setting new benchmarks in South Korea’s beauty platform market through their Private Label Credit Card (PLCC) initiative. 

This collaboration, officially announced at a signing ceremony attended by Hyundai Card Vice Chairman Chung Tae-young and Olive Young CEO Lee Sun-jung, aims to enhance branding, marketing, and data science strategies. Since introducing the world's first data science-based PLCC in 2015, Hyundai Card is now expanding its portfolio with Olive Young, a leader in both domestic and international beauty trends, boasting over 14 million membership subscribers. 

The partnership is expected to offer more benefits to Olive Young members and provide fresh experiences for new customers, significantly enhancing the collaborative efforts in data-driven marketing between the partners.


Sam’s Club Offers Massive Sales Opportunities for Korean SMEs in China

Sam’s Club is actively seeking to import a broad range of products from Korean small and medium enterprises (SMEs) into the Chinese market. According to the Korea Trade-Investment Promotion Agency (KOTRA), Sam's Club is particularly interested in health foods, beverages, eco-friendly cosmetics, and outdoor products in response to the growing health consciousness and demand for sustainable products among Chinese consumers. 

The bulk store chain, boasting over 40 locations and more than 4 million paying members across China, offers significant sales potential for Korean companies. KOTRA has been facilitating "New Vendor Counseling Sessions" with Sam’s Club, which have already attracted applications from about 100 Korean companies this year. Successful entry into Sam’s Club can lead to extensive sales across China, a transformative opportunity for Korean SMEs to scale up their export activities effectively.
Location: 한국

Comments

Post a Comment

Popular posts from this blog

Which sunscreen should I use, Inorganic or Organic?

Overview There are mainly two types of sunscreen: Physical and Chemical.  Inorganic sunscreens are also called Physical Sunscreen or Mineral Sunscreen. Organic sunscreens are also called Chemical Sunscreens. A term Inorganic and organic are derived from chemistry. * Organic Chemistry: The Study of Molecules Based on Carbon, Hydrogen, and Nitrogen * Inorganic Chemistry: The study of compounds other than organic chemicals A sunscreen can, of course, have both of these functions. It is called a Mixed sunscreen or a Combined sunscreen, and these days, many brands are developing products like this. Through this post, let's find out what inorganic and organic sunscreens are, and what sunscreens are most suitable for one to use. The difference between inorganic and organic sunscreen. Inorganic sunscreen is a sunscreen that forms a protective layer on the surface of the skin to block ultraviolet rays before they penetrate into the skin. Most product contains titanium dioxide and zinc oxid...
Post a Comment
Read more

Misleading Claims in Microneedle Skincare Products: 82 Cases Identified

     Recently, microneedle skincare products have gained significant popularity, but Korea’s Ministry of Food and Drug Safety (MFDS) has uncovered that over 80% of these products being sold online are making false or exaggerated claims. After reviewing 100 online posts, the MFDS found that 82 of them violated Korea’s cosmetics regulations, leading to requests for the posts to be blocked by the Korea Communications Standards Commission. The misleading advertisements primarily claimed that microneedles could penetrate deep into the skin layers or promised immediate pore reduction, both of which are not scientifically validated for general cosmetic products. Microneedles are a medical technology designed to deliver substances into the deeper layers of the skin, typically used in drugs and medical devices. However, in the cosmetics industry, these products generally do not have the same capabilities. Some companies falsely advertised their products as having effects similar t...
Post a Comment
Read more