By Kim Jae-heun
AmorePacific, Korea s largest cosmetics company, hopes to overcome its current slump by launching a new product in collaboration with Italian luxury brand Off-White.
The item, called Protection Box, is made up of limited-edition beauty products and fashion accessories. AmorePacific is making the mask packs and lip balms that go into the box, while Off-White is producing face masks as well as the container.
The container can be used as a bag with a strap, which was designed by Off-White with an emphasis on protection during the coronavirus pandemic.
This is the first time Off-White has collaborated with a Korean firm to introduce a cosmetic product.
Lotte still stays in bad shape
Posted : 2021-01-21 09:24
By Kim Hyun-bin
The country s top four conglomerates Samsung, Hyundai, SK, and LG have succeeded in finding new sources of revenue amid the COVID-19 pandemic, but No. 5 Lotte Group has suffered a continued decline in profitability in key businesses.
Lotte Group Chairman Shin Dong-bin
Lotte Group has been plagued by a series of problems, including a bitter feud between the two scions of the conglomerate over management control, and a leadership vacuum after Chairman Shin Dong-bin was jailed in early 2018 on bribery charges. He was released later that year after a court suspended his sentence.
Posted : 2020-12-20 15:03
By Kim Hyun-bin
Korean game companies such as Nexon, NCSOFT and Netmarble all have their hopes up for the possibility of receiving a Chinese license that would enable them to sell their games in the world s largest game market.
But although Beijing gave the green light to local game company Com2uS earlier this month to export its game Summoners War: Sky Arena, no one knows for sure which game will be in line to receive the next approval or if there will be any further licenses granted.
The recent approval comes four years after the company applied for the license with the Chinese regulator in 2016.
Posted on December 19, 2020.
Columnist Natalia Portiakova discusses how China secured a right to reciprocity regarding United States trade sanctions.
This week, China issued a new Export Control Law. The new law is an all-encompassing list of national regulations, which has unified and updated certain provisions of six previous laws on trade and export. Most importantly, the new law has reinforced Beijing’s position with respect to challenging foreign sanctions.
As early as at the end of last year, Chinese Commerce Minister Zhong Shan made it clear that the country needed a new law primarily to standardize scattered regulations. However, he did not try to conceal the fact that a range of controlled items and control measures were “not fully reciprocal and balanced with other countries.”