China, LG H&H’s pain in the neck amid global K-beauty boom

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That compared with smaller South Korean cosmetics makers, which enjoyed the growing K-beauty boom worldwide.VT Co.famous for its skin care product Reedle Shot was forecast to have seen a 126.5% surge in operating profit and a 47.1% jump in sales during the April-June period, according to analysts, for example.

The beauty giant known for its premium brand Sulwhasoo was estimated to have enjoyed a 1,111% surge in operating profit with 8.2% growth in sales in the second quarter as earnings of Cosrx Inc.

LG H&H known for its premium brand The Whoo said on Thursday its operating profit edged up 0.4% to 158.5 billion won ($114.4 billion) in the second quarter from a year earlier with sales down 2.7% to 1.8 trillion won.

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Category: Economy

Markets: South KoreaChinaJapan

Topics: Korean Profit Product Known Brand Beauty Premium Sales Cosmetics South China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 13:12:11 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Korea Economic Daily

News ID: 21780179

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