Good Glamm Group raises US$150 million in Series D funding round
MyGlamm parent company Good Glamm Group has raised US$150 million in a Series D funding round, including both primary and secondary capital.
Shiseido launches into wellness with supplement brand Inryu
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’s BTS branches out into NFTs
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 names CEO of newly launched Chemical business
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 Q3 sales fall 3 percent; net profits rise 3 percent
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 Q3: sales inch up but net profit surges
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 buys minority stake in Fixderma
Lotus Herbals has announced that it has acquired a 32 percent strategic stake in Fixderma India. Terms of the transaction were not disclosed.
Good Glamm acquires Indian digital and media platform ScoopWhoop
MyGlamm parent company Good Glamm has acquired Indian digital and media platform ScoopWhoop.
Indonesian government to halt export of palm oil?
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.
K-beauty casts around for new markets as China ends love affair with K-culture
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.
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