Korean Beauty Trends & Industry News: 24-12-30

Korea Kolmar Develops Skincare Innovation Inspired by Octopus Suction Cups

    Korea Kolmar has partnered with the biomimicry startup Mimetics to develop cutting-edge technology that significantly enhances the absorption of active ingredients in functional cosmetics. The two companies have signed an MOU to co-develop a new delivery system utilizing Mimetics' "bio-inspired negative pressure technology."

Mimetics is known for mimicking biological functions, such as those of octopus suction cups, frogs, and snails. Their octopus-inspired transdermal patch delivers drugs and active ingredients without damaging the skin, offering a non-invasive alternative to traditional microneedles. This groundbreaking technology has been featured in prestigious journals like Nature and ACS Nano for its scientific value.

By combining Mimetics' suction technology with Kolmar’s nano delivery systems and polymer network technologies, the collaboration aims to open pathways through the skin’s outer layer and deliver active ingredients deep into the skin. This process ensures enhanced absorption, stability, and adhesion. Korea Kolmar plans to leverage this innovation to set new standards in the K-beauty industry and strengthen its global competitiveness.

A Korea Kolmar representative stated, “This partnership will allow us to introduce revolutionary skincare technology and continue our strategic collaborations for global expansion.”

K-Beauty Expands Global Reach Through Mergers and Acquisitions

    K-Beauty is reaching new heights globally, fueled by a surge in mergers and acquisitions (M&A). With 12 deals completed this year—the highest since 2018—global and domestic corporations are increasingly investing in Korea’s innovative beauty brands.

Morgan Stanley PE acquired Skin Idea, a Korean skincare brand known for its high-quality ingredients and sophisticated design. Skin Idea reached $700 million in sales within 10 years. Similarly, France-based private equity firm Archimed purchased JCL Medical, a Korean beauty device company specializing in high-frequency skin treatment machines like “Potenza.” Meanwhile, Shinsegae International acquired 100% of AMUSE, a popular K-beauty brand, for $713 million to bolster its presence in the global market.

The K-beauty phenomenon continues to gain traction, with consumers worldwide drawn to its effectiveness and affordability. Beyond these acquisitions, Korean indie brands are thriving in markets like the U.S. and Japan, leveraging the influence of K-pop idols and social media. Companies are also utilizing e-commerce giants like Amazon and Costco to expand their distribution channels.

Industry experts predict this M&A momentum will continue as the global market prioritizes sustainable and innovative beauty products. K-Beauty’s influence is no longer confined to skincare—it now represents the global appeal of Korean culture and lifestyle.

L’Oréal Acquires Dr.G to Expand Global Skincare Portfolio

    L’Oréal has acquired Dr.G, a leading Korean derma-cosmetic brand, as part of its strategy to strengthen its skincare lineup. Dr.G, founded by dermatologist Dr. Gun-Young Ahn in 2003, has gained recognition for its solutions targeting sensitive skin. Previously owned by Swiss company Migros Group, Dr.G will now join L’Oréal’s Consumer Products Division.

This marks L’Oréal’s second major acquisition in Korea, following its 2018 purchase of the cosmetics brand 3CE. L’Oréal’s acquisition of Dr.G aims to meet rising global demand for scientifically-backed and affordable skincare solutions, while also reinforcing its commitment to the K-beauty sector.

Alexis Perakis-Valat, head of L’Oréal’s Consumer Products Division, commented, “Dr.G’s science-driven approach perfectly complements our skincare portfolio. We look forward to expanding its reach to global consumers.” L’Oréal plans to use this acquisition to accelerate its growth in the derma-cosmetic sector and further solidify K-beauty’s position on the global stage.

Korean Regulators Crack Down on False Cosmetic Ads

    South Korea’s Ministry of Food and Drug Safety (MFDS) has uncovered 124 cases of false advertising in the cosmetics industry, including exaggerated claims about “fat burning” and “cellulite removal.” Among these, 123 ads were flagged for promoting unverified medical benefits, while one case misled consumers with false claims about product safety.

Examples included statements like “feel your fat burn” and “non-steroidal,” which raised concerns about consumer misconceptions. The MFDS emphasized that phrases suggesting banned ingredients were not used could inadvertently mislead consumers into thinking similar harmful products might exist.

Regulatory action is being taken against 30 companies involved, while other flagged ads have been reported to broadcasting authorities for content removal. The MFDS has urged consumers to remain cautious of misleading advertisements and pledged to continue monitoring the cosmetics market to ensure safety and transparency.