The prices of imported cosmetics in Korea were found to function as the best among nine developed countries surveyed predicated on prices as domestic retailers sought excessive gains, a study has shown.
Seoul YWCA, a non-governmental organization, released a written report on Thursday comparing the costs of the most effective 10 imported cosmetics models in Korea and eight different nations. The document was supported by the government-run Fair Trade Commission.
The study compared the prices of 36 products, including essences, attention products, compact fundamentals and lipsticks at department stores and duty free stores in important developed countries including the Breitling cool watches
U.S., France, Germany, Italy, England, Australia and Japan.
The prices of Estee Lauders Advanced Night Repair and 18 more cosmetics products at domestic department stores were more costly than in the other eight countries after being altered in line with the Purchasing Power Parity exchange rate.
Unlike the nominal exchange rate, this sets the buying power of people by taking into consideration inflation. With Korea set at a standard rate of 100, Japan ranked second with 70.9 - meaning Japanese goods are around 30 Replica Panerai Watches
percent cheaper by this scale - followed by Germany, Italy, the U.S., the U.K., France and Australia with 46.4 in last position.
The prices of imported cosmetics on Korean Internet shopping malls were also Jaeger LeCoultre Reverso Classique gold watches
discovered to be the dearest.
Only some lipsticks, such as for instance Chanels Rouge Coco Shine and Christian Diors Addict, were priced below in French department stores.
Additionally, when the prices of 36 imported cosmetics were compared by distribution channels, department stores set the highest prices. These were about 7 percent more expensive than in Internet shopping malls, 17 percent higher than parallel imports, and 24 percent higher than in duty-free shops.
Biotherms 15-milliliter Detoxification Eye Essence price 45,050 won through parallel importers, 45,240 won at duty free stores, 50,3500 won at Internet shopping malls and 53,000 won at division stores, the record showed.
The government should revitalize parallel imports and disclose more home elevators imported cosmetics, including their production costs and profit margins, to help keep consumers better informed of their choices, mentioned a YWCA official.
Other in the cosmetics business complained that the survey ignored country-specific factors that determine prices such as for instance transfer, job, logistics, marketing and marketing expenses.
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Jung-yoon [kjy@joongang.co.kr]