According to a source, the price of Korean cosmetics in North Korea jumped tenfold in the New Year. Due to the border closures due to the novel coronavirus infection (COVID-19), it seems that it is becoming increasingly difficult to purchase items made in South Korea, which have been in the spotlight as a New Year’s gift in North Korea.
On the 3rd, an insider inside Daily NK said, “Despite the economic difficulties caused by the corona crisis, the price of South Korean products has risen more than 10 times in the Pyongyang market recently.
The source added, “As no foreign goods have been brought in for nearly two years due to the border closure, imported goods are running out and prices are inevitably going up.”
According to a source, Sulwhasoo’s skin and lotion set was priced at $50-100 before the corona crisis, but is now being traded at $500-1000. That is a tenfold increase in two years.
Here, Sulwhasoo is a brand of Amorepacific, a domestic company. The price of South Korean cosmetics, which are popular among North Korean women, has risen considerably.
In this regard, in April 2013, in a scene where Chairman Kim Jong-un introduced the appearance of looking around a cosmetics store at the Daedong Riverside convenience facility ‘Daeganghwagwan’, which was about to open, famous cosmetics companies ‘Laneige’, ‘L’Oreal’ and ‘Lancome’ were introduced. A shop that sells it has been caught. Among them, Laneige is a product of the same company.
As the Korean Wave spread in North Korea, the demand for Korean products was also on the rise. Although the North Korean authorities crack down on sales, they cannot purchase it in the market, but the transaction was made through a private black trade through a trader.
In particular, as North Koreans prefer to marry Korean-made products, the fact that some of the target families are in South Korea helped their married life. “The wedding hanbok (robes) are also made in Korea, and the gifts they give and receive are also made in Korea, so it was an object of envy.”
However, as trade and smuggling were cut off, the supply decreased sharply, and the price naturally increased little by little.
In addition, after the enactment of the ‘Reactionary Ideology and Culture Rejection Act’ (December 2020) to block all movements to enjoy external content, anti-socialism and anti-socialism battles took place, leading to a kind of ‘risk charge’.
It means that Korean cosmetics have come to be ‘price’ in the sense that not only products produced and imported from outside, but also products of South Korea were treated as politically dangerous goods.
A source said, “As the world is becoming difficult to obtain South Korean cosmetics following foreign home appliances, some residents who are familiar with these products are complaining of inconvenience.” We are inquiring,” he said of the local atmosphere.
Source: DailyNK by www.dailynk.com.
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