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 >
March Home Down Payments Drop Amid Buyer-Friendly Market, Redfin Says
March Home Down Payments Drop Amid Buyer-Friendly Market, Redfin Says
Jun 2, 2026
03:08 PM EDT, 06/02/2026 (MT Newswires) -- Down payments for home purchases in the US decreased in March amid a buyer-friendly market that's reducing pressure on prospective buyers to put down bigger amounts, a report by Redfin showed Tuesday. The typical homebuyer's down payments fell 1.5% year over year to $64,000 in March, according to the online real estate brokerage....
Persistently Elevated Inflation Would Warrant Raising Interest Rates, Fed's Hammack Says
Persistently Elevated Inflation Would Warrant Raising Interest Rates, Fed's Hammack Says
Jun 2, 2026
03:44 PM EDT, 06/02/2026 (MT Newswires) -- The Federal Reserve may need to raise interest rates should inflationary pressures persist, Cleveland Fed President Beth Hammack said Tuesday. Annual inflation, as measured by the personal consumption expenditures price index, hit 3.8% in April, the highest reading in almost three years even as consumer spending moderated in the face of high gasoline...
Fed Chair Warsh names policy veterans Winfree, Heil as interim advisers, WSJ reports
Fed Chair Warsh names policy veterans Winfree, Heil as interim advisers, WSJ reports
Jun 2, 2026
June 2 (Reuters) - Federal Reserve Chair Kevin Warsh has tapped two conservative policy veterans, Paul Winfree and Daniel Heil, to advise him while he settles into the job, the Wall Street Journal reported on Tuesday, citing sources. Winfree and Heil would work as temporary contractors to support Warsh on policy analysis and planning, the report said, adding the chair...
Goldman CEO says high oil prices could shift consumer behavior in second half of 2026
Goldman CEO says high oil prices could shift consumer behavior in second half of 2026
Jun 2, 2026
NEW YORK, June 2 (Reuters) - Goldman Sachs ( GS ) CEO David Solomon expects consumer behavior to change in the second half of 2026 if inflation picks up, fueled by higher oil prices. You're going to see more shifts in consumer behavior, Solomon said at an Economic Club of New York event. U.S. inflation increased at its fastest pace...
Copyright 2023-2026 - www.financetom.com All Rights Reserved