MyGlamm parent company Good Glamm Group has raised US$150 million in a Series D funding round, including both primary and secondary capital.
Shiseido has announced the launch of a new ingestible beauty brand, Inryu. The brand is said to improve the overall health of the skin from the inside and was developed by the J-beauty giant’s China Business Innovation & Investment Office in Shanghai.
K-pop sensation, BTS’s music label, Hybe has announced that it is to partner with Dunamu in order to issue digital collectibles secured by blockchain, according to a report published by the Financial Times.
Aekyung Group has announced the official launch of its new Chemical branch and named Pyo Kyoung-won as the first CEO, according to a report published by The Korea Herald.
LG Household & Health Care has seen net profit rise 3.4 percent in Q3, to 240 billion won ($205.8 million), while sales fell 2.9 percent in the same period, to 2.01 trillion won.
AmorePacific Corp has reported its results for the third quarter of the current financial year, according to a report published by The Korea Herald. The K-beauty behemoth saw net profit hit KRW38.5 billion in the three months to September 30, 2021, a considerable improvement on the KRW7 billion reported the same time last year.
Lotus Herbals has announced that it has acquired a 32 percent strategic stake in Fixderma India. Terms of the transaction were not disclosed.
MyGlamm parent company Good Glamm has acquired Indian digital and media platform ScoopWhoop.
Indonesian President, Joko Widodo has unveiled plans to halt exports of raw commodities in a bid to attract investment in the country’s resource processing capabilities and create jobs, according to a report published by Reuters.
South Korea’s entertainment and cosmetics industries are seeking new markets after a raft of regulatory barriers, nationalist headwinds and rising competition from local brands are hampering sales in China, according to a report published by the Financial Times.