Cosmetics is S.Korea's new smart choice
By Bloomberg | China Daily | Updated: 2015-04-08 08:09
Seo Jae-hyeong said he has started wearing skin foundation and facial masks at night.
It is not about looking younger, the 49-year-old head of Daishin Asset Management Co said. Seo is trying to get first-hand insight into one of South Korea's hottest stock-market bets - the cosmetics industry.
Led by Amorepacific Corp and LG Household & Health Care Ltd, makers of Korean beauty products are surging more than 100 times faster than the broader market and prompting the nation's male-dominated investment world to rethink how it covers the sector.
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