Investing in K-beauty firms could be risky: Have & Be chief

September 01, 2016

September 1, 2016

South Korean cosmetic brands’ dependence on exports to China could pose a risk to investors, said the head of Have & Be, the company behind skincare giants Dr Jart+.

“As China accounts for a huge part of Korean beauty brands’ exports, the firms are vulnerable to China’s economic and political situations and change in regulations,” said Lee Chin-wook, founder and president of Have & Be, at Private Equity & Venture Forum, hosted by Asian Venture Capital Journal, in Seoul on Aug. 31.   Read more

Source: The Korea Herald