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 >
Economic Activity Grew Slightly Since Late February, Fed's Beige Book Shows
Economic Activity Grew Slightly Since Late February, Fed's Beige Book Shows
Apr 17, 2024
03:14 PM EDT, 04/17/2024 (MT Newswires) -- Economic activity in the US expanded slightly since late February, while the outlook was cautiously optimistic, the Federal Reserve said in its latest Beige Book released Wednesday. Ten of the 12 Fed districts reported either slight or modest growth during the period, up from eight in the previous report, according to the latest...
US economic activity expanded slightly in recent weeks, Fed says
US economic activity expanded slightly in recent weeks, Fed says
Apr 17, 2024
(Reuters) -U.S. economic activity expanded slightly from late February through early April and firms signaled they expect inflation pressures to hold steady, a Federal Reserve survey showed on Wednesday, continuing recent trends that have kept the central bank from being able to cut interest rates. The U.S. central bank released its latest snapshot on the health of the economy a...
Fed to cut US rates 'at some point, but no hurry, Mester says
Fed to cut US rates 'at some point, but no hurry, Mester says
Apr 17, 2024
(Reuters) - Cleveland Federal Reserve Bank President Loretta Mester said on Wednesday she expects price pressures to ease further this year, allowing the Fed to reduce borrowing costs, but only when it is pretty confident inflation is heading sustainably to its 2% goal. At some point, as we get more confidence, we will start to normalize policy back to a...
US Dollar Ebbs Further as Swedish Krona and Korean Won Lead Global Recovery
US Dollar Ebbs Further as Swedish Krona and Korean Won Lead Global Recovery
Apr 18, 2024
07:18 AM EDT, 04/18/2024 (MT Newswires) -- Many US dollar pairs extended earlier corrective losses during the European morning on Thursday as the Swedish krona and Korean won led a rebound of G20 currencies going into a busy schedule of central bank speakers. Dollar gains were few and far between with the Japanese yen, Norwegian krone, Chinese renminbi, South African...
Copyright 2023-2026 - www.financetom.com All Rights Reserved