SEOUL, March 19 (Yonhap) -- South Korean cosmetics firm Etude Corp. said Monday the first store of its brand Etude House in the Middle East has opened in Dubai's largest shopping mall, as the company moves to expand its global market presence.
The opening of the outlet at the Dubai Mall on Saturday marks Etude's first entry into the Middle Eastern market, according to the affiliate of South Korean cosmetics giant Amorepacific Group.
Amorepacific has been accelerating its overseas push after suffering from weak earnings amid a sharp drop in the number of Chinese tourists in South Korea.
Etude will open another store in Kuwait on Thursday and prepare to make inroads into Saudi Arabia by the first half of this year, it said.
U.S. envoy on N. Korea Biegun to visit Seoul this week
(LEAD) Customs seize 63.88 kg of cocaine from cargo at Busan port
(LEAD) Kim Jong-un visits mausoleum of late father to mark 7th anniv. of death
(LEAD) Moon hints at possible slowdown of minimum wage hikes
Moon set to hold 1st extended meeting of economy-related ministers