financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Economy
financetom
/
Economy
/
Move over Chanel: North Korea's 'raccoon eye makers' get state push
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Move over Chanel: North Korea's 'raccoon eye makers' get state push
Aug 8, 2019 1:29 AM

Move over Chanel: North Korea's 'raccoon eye makers' get state push

SUMMARY

North Korea is encouraging its beauty-conscious middle-class women to choose domestic cosmetics over foreign brands in an effort to boost self-reliance as international sanctions deepen. Promoting home-grown beauty has been a political strategy since the days of state founder Kim Il Sung, but has become more focused under his foreign-educated grandson, Kim Jong Un. The international popularity in recent years of South Korea's K-beauty trend - innovative cosmetic products with natural ingredients such as ginseng and snail slime - has added momentum, say defectors who fled the North and experts who study the isolated state.

By ReutersAug 8, 2019 10:29:31 AM IST (Published)

North Korean leader Kim Jong Un and wife Ri Sol Ju visit a cosmetics factory in this undated photo released by North Korea's Korean Central News Agency (KCNA) in Pyongyang. North Korea is encouraging its beauty-conscious middle class women to choose domestic cosmetics over foreign brands in an effort to boost self-reliance as international sanctions deepen. Promoting home-grown beauty has been a political strategy since the days of state founder Kim Il Sung, but has become more focused under his foreign-educated grandson, Kim Jong Un. KCNA/via REUTERS

North Korean cosmetic products (front line) are seen on a dressing table in Seoul, South Korea. The international popularity in recent years of SouthKorea'sK-beauty trend - innovative cosmetic products with natural ingredients such as ginseng and snail slime - has added momentum, say defectors who fled theNorthand experts who study the isolatedstate. REUTERS/Kim Hong-Ji

The Moranbong Band, an all-female North Korean pop band formed by leader Kim Jong Un, performs at a celebratory concert marking the end of the 7th Workers' Party Congress in Pyongyang. REUTERS/Damir Sagolj/File Photo

Kang Na-ra, a North Korean defector who is now a beauty YouTuber, shows North Korean cosmetic products, in Seoul. North Korea’s state-run television KRT aired a video about Pyongyang Cosmetics Factory showing a woman replacing Chanel products with domestic products instead. REUTERS/Kim Hong-Ji

North Korea has long regulated its citizens' appearance. Hair dyeing, blue jeans and clothes with writing in English were banned under Kim's father, Kim Jong Il, as the reclusive country tried to keep western influences out. REUTERS/Kim Hong-Ji

Pyongyang Cosmetic Factory shipped its first batch of Unhasu brand cosmetics to a new boutique in Moscow in May, Russian media reported. 'Korean Care', another Russian cosmetics shop selling South Korean products online, started importing North Korean beauty products directly from Pyongyang last year. REUTERS/Kim Hong-Ji

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Analysis-Steady Fed outlook boosts stock market's hopes for coveted 'soft landing'
Analysis-Steady Fed outlook boosts stock market's hopes for coveted 'soft landing'
Mar 20, 2024
NEW YORK (Reuters) - A U.S. stock market perched at record highs received an encouraging message from the Federal Reserve, after the central bank stuck with its rate cut projections for 2024 despite stronger-than-expected economic growth. For weeks, evidence of robust growth and stubborn inflation had whittled away at the market's expectations for how deeply the U.S. central bank will...
 Amid forecast shift, Fed's Powell flags uncertainty over longer-run outlook
Amid forecast shift, Fed's Powell flags uncertainty over longer-run outlook
Mar 20, 2024
WASHINGTON (Reuters) - Federal Reserve officials on Wednesday nudged up the level estimated for their target interest rate over the longer term, but central bank Chair Jerome Powell said that does not necessarily herald an era of consistently higher interest rates. Alongside maintaining the current target rate at 5.25%-5.50% and still penciling in three-quarters-of-a-percentage point of rate cuts this year,...
 S&P 500 Closes At Record High After Fed Charts Interest Rate Path: 'Markets Continue To Have A Green Light To Run Higher,' CIO Says
S&P 500 Closes At Record High After Fed Charts Interest Rate Path: 'Markets Continue To Have A Green Light To Run Higher,' CIO Says
Mar 20, 2024
The Federal Reserve held interest rates steady at 5.25% to 5.5% during its March meeting Wednesday, signaling readiness to lower borrowing costs in the near future. The announcement came alongside the release of new economic projections revealing a Federal Open Market Committee (FOMC) consensus for three rate cuts in 2024, but a slightly lower pace of rate reductions going forward...
 How the Federal Reserve impacts personal loans
How the Federal Reserve impacts personal loans
Mar 20, 2024
March Fed meeting On March 20, 2024, the FOMC decided to hold steady on interest rates. The benchmark rate remains at 5.25-5.5 percent. Most personal loans have fixed rates, so current borrowers do not need to worry about their interest rates changing. Borrowers in the market for a personal loan should prepare for rising interest rates, but there are things...
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2025 - www.financetom.com All Rights Reserved