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 >
September New-Home Sales Climb More Than Expected
September New-Home Sales Climb More Than Expected
Oct 25, 2024
01:55 PM EDT, 10/24/2024 (MT Newswires) -- New-home sales in the US rose more than expected last month while median prices at the national level picked up both sequentially and annually, government data showed Thursday. Single-family home sales rose 4.1% on a monthly basis to a seasonally adjusted annual rate of 738,000 units from August's downwardly revised print of 709,000,...
Future of UN climate dialogue threatened by budget shortfall
Future of UN climate dialogue threatened by budget shortfall
Oct 25, 2024
BRUSSELS (Reuters) - The leading U.N. body on climate change is experiencing a severe budget shortfall, according to a Reuters analysis of documents from the world body - a funding gap that diplomats said could impair international climate dialogue. The analysis found a budget hole of at least 57 million euros ($61.53 million) for 2024 - or nearly half of...
Pakistan requests $1 billion in IMF climate cash and sees reserves rising
Pakistan requests $1 billion in IMF climate cash and sees reserves rising
Oct 24, 2024
WASHINGTON (Reuters) - Pakistan is targeting around $1 billion in a formal request for funding from the IMF facility that helps low and middle income countries mitigate climate risk, its finance minister told Reuters. We have formally requested to be considered for this facility, Finance Minister Muhammad Aurangzeb said in an interview on the sidelines of the IMF/World Bank autumn...
US business activity rises in October; price pressures easing
US business activity rises in October; price pressures easing
Oct 24, 2024
WASHINGTON (Reuters) - U.S. business activity increased in October amid strong demand, and firms raised prices for goods and services at the slowest pace in nearly 4-1/2 years, indicating that the economy started the fourth quarter in solid shape. S&P Global said on Thursday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, rose...
Copyright 2023-2026 - www.financetom.com All Rights Reserved