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Cosmetics Become More Expensive In South Korea, Driven By Rising Prices Of Imported Brands

December 27, 2013: 12:00 AM EST
Imported cosmetics brands in South Korea, including Estée Lauder and Yves Saint Laurent, are expected to raise the prices of most of their products by 4percent or 5 percent on January 1, 2014. Local cosmetics brands are likely to follow suit, further adding to the rising consumer prices in the country. In December 2013, Yves Saint Laurent raised the prices of cosmetics sold at local department stores by 5 percent. Other brands, such as Guerlain and Bulgari, are also planning to raise their prices.
"Cosmetics Prices: Imported Cosmetics Prices to Increase, Leading to Domestic Brands Price Hikes", Business Korea, December 27, 2013, © BusinessKorea Co., Ltd.
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