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Haircare Business Booms as Stressed Koreans Go Bald
Chosun Ilbo ^ | Oct. 10, 2015

Posted on 10/10/2015 7:47:29 PM PDT by TigerLikesRooster

Haircare Business Booms as Stressed Koreans Go Bald

The market for haircare products is growing rapidly as over 10 million people suffer from hair loss. From wigs to potions that claim to make hair grow back, the industry is raking in the money.

Beauty product manufacturers, supermarkets and department stores are scrambling to benefit from the emerging market.

Hi-Mo, the nation's leading wig manufacturer, posted sales of W66.7 billion last year (US$1=W1,161). Although wigs are expensive, costing between W200,000 and W1.8 million, the company is seeing increasing demand.

Cosmetics giant Amore Pacific released a series of new haircare products this year, including some using ever-trendy green tea.

Supermarket chain Lotte Mart set up booths at its 80 outlets across the country dedicated to shampoos that may help prevent hair loss.

French hair care brand René Furterer established a branch here in January this year and opened outlets in 11 department stores.

According to the Korean Hair Research Society, the number of people suffering from hair loss is increasing by 10 to 20 percent every year and surpassed the 10 million mark in 2012.

The figure is rising particularly fast among women and young people. Data by the Health Insurance Review and Assessment Service show that those under 20 accounted for 13 percent of hair loss sufferers in the last five years, and those in their 20s and 30s made up 46 percent.

Experts attribute the rise of hair loss among young people to stress from study and finding a job. "Many women wear hair pieces that cover only some parts of the head for a natural look instead of wearing a full wig," said a market insider.

The market for products to deal with hair loss saw a 10-fold increase from W400 billion in 2004 to W4 trillion last year. The market for wigs also grew more than 20 times from W50 billion to W1.2 trillion over the same period.

A researcher with Hana Daetoo Securities said, "The essential treatment for hair loss is washing your hair properly. So haircare products will likely account for a growing share in the beauty industry."


TOPICS: Chit/Chat; Health/Medicine; Local News; Society
KEYWORDS: baldness; haircare; korea; southkorea

1 posted on 10/10/2015 7:47:29 PM PDT by TigerLikesRooster
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To: TigerLikesRooster

if it’s seoully because of stress then they need to pusan hair restorer on their scalp so the hair can incheon...


2 posted on 10/10/2015 8:03:52 PM PDT by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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To: chajin
"if it’s seoully because of stress then they need to pusan hair restorer on their scalp so the hair can incheon..."

Huh?

3 posted on 10/10/2015 8:18:08 PM PDT by jackibutterfly (In this world when the body can be taken at any moment, it would be wise to reconnect with your soul)
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To: TigerLikesRooster

Having a full head of hair is not all that it’s cracked up to be. It has to be washed every day. It’s all mussed up after a nap. And it has to be cut every few weeks or month. Bald men have it so easy in the hair care department.


4 posted on 10/10/2015 8:18:54 PM PDT by AlaskaErik (I served and protected my country for 31 years. Progressives spent that time trying to destroy it.)
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To: chajin

Bunch of Hankooks.


5 posted on 10/10/2015 8:20:08 PM PDT by BerryDingle (I know how to deal with communists, I still wear their scars on my back from Hollywood-Ronald Reagan)
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To: chajin

LOL! Excellent effort!


6 posted on 10/11/2015 8:07:33 AM PDT by Tax-chick ("There will be no conservative issue islands left to stand on if the red tide comes in."~S. Knish)
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To: TigerLikesRooster
... those under 20 accounted for 13 percent of hair loss sufferers in the last five years, and those in their 20s and 30s made up 46 percent.

Those are unexpected figures. Maybe the "experts" are wrong, and the people are either (a) not losing more hair than usual, but imagine they are because of the advertising or (b) losing their hair because of the hair products they use.

7 posted on 10/11/2015 8:09:58 AM PDT by Tax-chick ("There will be no conservative issue islands left to stand on if the red tide comes in."~S. Knish)
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To: Tax-chick

Baah, everyone knows they are losing hair because of
Global warming.....won’t need it.

North Korea showcases new haircare product,
now with more benjo!


8 posted on 10/11/2015 8:11:26 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: tet68

Just think how easy North Korean wig makers have it.
Only two styles, men’s and women’s...


9 posted on 10/11/2015 8:12:48 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: TigerLikesRooster


10 posted on 10/11/2015 8:19:25 AM PDT by JoeProBono (SOME IMAGES MAY BE DISTURBING VIEWER DISCRETION IS ADVISED;-{)
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