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 >
First Mover Americas: Bitcoin Holds Below $60K Before U.S. Jobs Data Revision
First Mover Americas: Bitcoin Holds Below $60K Before U.S. Jobs Data Revision
Aug 24, 2024
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest PricesCoinDesk 20 Index: 1,915 −1.8% Bitcoin (BTC): $59,471 −1.9% Ether (ETH): $2,586 −2.5% S&P 500: 5,597.12 −0.2% Gold: $2,547 +1.4% Nikkei 225: 37,951.80 −0.29% Top StoriesBitcoin traded little changed below $60,000...
Goldman Sachs Warns Against Misinterpreting Wednesday's US Jobs Data As Crypto Markets Hold Their Breath
Goldman Sachs Warns Against Misinterpreting Wednesday's US Jobs Data As Crypto Markets Hold Their Breath
Aug 24, 2024
Financial markets, including the cryptocurrency sector, could face significant turbulence on Wednesday, as the U.S. economy’s health comes under scrutiny with the release of updated labor market data. What Happened: The U.S. Bureau of Labor Statistics (BLS) is set to publish a preliminary estimate of revisions to nonfarm payrolls, covering the period from April 2023 to March 2024—a report that...
US business activity edges lower; pricing power ebbs further
US business activity edges lower; pricing power ebbs further
Aug 24, 2024
(Reuters) - U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers, bolstering the likelihood that inflation will stay on a downward trend over the coming months. S&P Global said on Thursday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, edged...
Fed minutes show policymakers leaning strongly toward September rate cut
Fed minutes show policymakers leaning strongly toward September rate cut
Aug 24, 2024
WASHINGTON (Reuters) - Federal Reserve officials last month were strongly leaning toward an interest rate cut at their September policy meeting and several of them would have even been willing to reduce borrowing costs immediately, according to the minutes of the July 30-31 gathering. U.S. central bank officials left interest rates unchanged at the Federal Open Market Committee meeting last...
Copyright 2023-2026 - www.financetom.com All Rights Reserved