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 >
Euro Outperforms as US Dollar Trades Mixed and Nordic Currencies Struggle
Euro Outperforms as US Dollar Trades Mixed and Nordic Currencies Struggle
May 13, 2024
06:08 AM EDT, 05/13/2024 (MT Newswires) -- US dollar pairs were mixed in early European trade on Monday with the continent's single currency outperforming while the Nordic currencies underperformed in what is a quiet day for economic data. The euro climbed against a mostly stronger US dollar in Europe on Monday, making it the best performing currency in the G10...
Redditors Predict Economic Doom, Brace For US Collapse: 'Only Time Will Tell How Bad It Will Truly Get'
Redditors Predict Economic Doom, Brace For US Collapse: 'Only Time Will Tell How Bad It Will Truly Get'
May 12, 2024
Reddit users are increasingly predicting an economic collapse in the U.S., with some even preparing for a scenario similar to the Soviet Union’s demise after the Cold War. The growing concern is being fueled by factors such as inflation, debt, and job market instability. What Happened: A Reddit user, who goes by the name Daniel, has been active on the...
Trump again attacks New York prosecutor, floats economic plans at New Jersey rally
Trump again attacks New York prosecutor, floats economic plans at New Jersey rally
May 13, 2024
By Gram Slattery WILDWOOD, New Jersey (Reuters) - Republican presidential candidate Donald Trump attacked the Manhattan judge and prosecutor in his New York criminal trial, while hinting at a range of possible economic policies at a sizable rally in New Jersey on Saturday. Speaking before tens of thousands of supporters on a chilly beach on the Atlantic coastline, the former...
Stablecoin Expansion Stalls Ahead of U.S. Inflation Data
Stablecoin Expansion Stalls Ahead of U.S. Inflation Data
May 13, 2024
The expansion of the top three stablecoins, USDT, USDC and DAI, a powder keg used to fund token purchases, has stalled since the bitcoin halving.A potential soft U.S. CPI print on Wednesday may revive inflows into the market.China's plan to step up fiscal support to the economy may bode well for risk assets.The expansion of stablecoins, or the dollar-pegged cryptocurrencies,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved