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 >
Mark Cuban Slams Trump Administration For Inflicting Economic Struggles On A Majority Of Republican Supporters: 'This Could Flip Voters'
Mark Cuban Slams Trump Administration For Inflicting Economic Struggles On A Majority Of Republican Supporters: 'This Could Flip Voters'
Mar 17, 2025
Billionaire investor Mark Cuban highlights a report that shows that the trade war as a result of President Donald Trump’s tariffs will significantly impact industries that employ a majority of Trump voters. What Happened: In a post on the BlueSky social, Mark Cuban asks Trump’s political opponents, the Democrats, to track local news and reports to talk about the signs...
Could Trump's tariffs cause a recession? The Federal Reserve is meeting against an uncertain economic backdrop
Could Trump's tariffs cause a recession? The Federal Reserve is meeting against an uncertain economic backdrop
Mar 17, 2025
Investors are growing increasingly concerned that President Donald Trump's tariff policies and federal layoffs could spark a U.S. recession. An even bigger worry is that the Federal Reserve might not be able to do much about it. Officials on the Federal Open Market Committee (FOMC) are set to discuss at their March 18-19 rate-setting meeting what more can be done...
US Dollar Falls Early Monday Ahead of Busy Start to Week, Attention on FOMC
US Dollar Falls Early Monday Ahead of Busy Start to Week, Attention on FOMC
Mar 17, 2025
08:00 AM EDT, 03/17/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday ahead of a busy week that starts off fast on Monday. Retail sales data for February and the New York Fed's Empire State index are both due to be released at 8:30 am ET, followed by the National Association of Home Builders'...
Fed officials prepare to lay down marker on impact of Trump policies
Fed officials prepare to lay down marker on impact of Trump policies
Mar 17, 2025
WASHINGTON (Reuters) - New economic projections from Federal Reserve officials this week will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of Trump administration policies that have clouded a previously solid economic outlook. Top forecasters have marked down their expectations for growth this year, upped the perceived risk of recession, and anticipate higher...
Copyright 2023-2026 - www.financetom.com All Rights Reserved