[Special Stock] Expectations to Avoid US Tariff Impact... Inglewood Lab Rises Over 4%
Amid concerns over export setbacks for domestic beauty companies due to the US-origin tariff war, the stock price of Inglewood Lab, which owns a local factory in the US, is on the rise.
As of 9:10 AM on the 4th, Inglewood Lab was trading at 9,740 KRW, up 430 KRW (4.62%) from the previous trading day.
On the 2nd (local time), the Trump administration announced reciprocal tariffs, applying a 25% tariff rate on all Korean products. In particular, concerns have grown over potential performance impacts in the cosmetics industry, which has recently seen a sharp increase in exports to the US.
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However, Inglewood Lab has completed certification from the US Food and Drug Administration (FDA) and produces beauty products at factories such as Toto in New Jersey. In North America, the sun care market has expanded significantly, leading to an increase not only in high-end brand products but also in the launch of indie beauty brand sun care products.
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