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 >
US retail sales beat expectations in March
US retail sales beat expectations in March
Apr 15, 2024
WASHINGTON (Reuters) - U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground. Retail sales rose 0.7% last month, the Commerce Department's Census Bureau said on Monday. Data for February was revised higher to show sales rebounding 0.9% instead 0.6% as...
Retail Sales Rises More Than Expected In March, Indicate Strong Consumer Spending
Retail Sales Rises More Than Expected In March, Indicate Strong Consumer Spending
Apr 15, 2024
The pace of retail sales growth increased more than expected last month, indicating that consumers are exhibiting increased resilience despite recent inflationary pressures. Retail and food services sales for March increased by 4% compared to the previous year, much higher than the previous upwardly revised growth rate of 2.1%, according to the U.S. Census Bureau’s advance estimates released Monday. March...
US Dollar Falls Early Monday Ahead of Retail Sales, Empire State, NAHB
US Dollar Falls Early Monday Ahead of Retail Sales, Empire State, NAHB
Apr 15, 2024
07:49 AM EDT, 04/15/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, except for a small improvement versus the yen, before the release of retail sales data for March and Empire State manufacturing conditions data for April, both at 8:30 am ET. The National Association of Home Builders sentiment index for April and business...
US growth may be a global boon, but inflation could derail the train
US growth may be a global boon, but inflation could derail the train
Apr 14, 2024
WASHINGTON (Reuters) - U.S. economic growth that keeps motoring above its potential is emerging as a key prop for an ongoing global expansion, but spillovers from persistently high inflation and tight monetary policy in the world's largest economy could pose new risks to a hoped-for soft landing around the world. As global financial leaders gather in Washington this week for...
Copyright 2023-2026 - www.financetom.com All Rights Reserved