Korean beauty giants Amorepacific and LG Household & Health Care reported disappointing Q2 earnings during recent lockdowns in China. Amorepacific reported its Q2 earnings on July 28, with an overseas revenue of 297.2 billion won ($227 million), down 33.2 percent year-on-year (YoY), and a net loss of 37.2 billion won ($28.6 million). Asia revenue declined…
Korean Cosmetic Brands Experience Downturn in China Amid Geopolitical Tensions
China’s Copyright Violations of South Korea’s Entertainment Media Has Doubled
China’s brazen copyright violations of South Korea’s entertainment content have doubled since 2016, says South Korea’s culture ministry. Since 2017, China’s copyright infringements have become a major headache for South Korean content makers. After Beijing cracked down on Korean pop culture in China, in retaliation for South Korea deploying THAAD (a U.S. anti-missile system), South Korea…
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