Korean Beauty Goes Mainstream
Bloomberg Businessweek
|May 06, 2019
Snail-slime masks and beevenom balms are here to stay
In 2012, Alicia Yoon quit her job and hopped on a plane from New York to Seoul to scour South Korea for its most advanced skin-care products. She’d started to hear some buzz about lotions and potions coming from research labs in the country, soothing creams and pore-minimizing serums with ingredients, such as snail slime, not used by any mainstream brand. Yoon’s goal was to persuade the makers of some of the products to allow her to sell their wares in the U.S. It would take only a few weeks, she figured, so that summer she crashed at her parents’ house—Yoon was born and raised in South Korea—and spent her days knocking on laboratory door after laboratory door. “It was like a disaster, I had no income,” she says. “I thought, If in six months I’m not able to secure my first brand, the timing is probably not right.”
It ended up taking 5½ months for Yoon to get a single label, called Be the Skin, to sign on with her new business, Peach & Lily. Korean companies were initially wary of expanding beyond their own borders, especially with unknown sellers. So entrepreneurs like Yoon had to focus on cultivating relationships with owners. Her timing wasn’t so bad after all— awareness of K-beauty was just starting to sprout abroad as several other businesses, picking up on the interest, came to life.
Diese Geschichte stammt aus der May 06, 2019-Ausgabe von Bloomberg Businessweek.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Bloomberg Businessweek
Bloomberg Businessweek US
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
4 mins
March 13, 2023
Bloomberg Businessweek US
Running in Circles
A subscription running shoe program aims to fight footwear waste
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
10 mins
March 20 - 27, 2023
Bloomberg Businessweek US
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
11 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
12 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
3 mins
March 20 - 27, 2023
Bloomberg Businessweek US
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
4 mins
March 20 - 27, 2023
Bloomberg Businessweek US
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers
4 mins
March 20 - 27, 2023
Translate
Change font size

