Time to make space in your makeup kit.

South Korean cosmetic brand Laneige -- most known for its BB cushion compacts -- has announced its third fashion collaboration976 Archives this time with fellow South Korean street style label, Lucky Chouette.

The collection, which hits beauty counters on Sep. 1, features Lucky Chouette's two owl mascots on a range of Laneige products.

Besides Laneige's signature BB cushion, this collection also introduces two new product lines: a moisturising lip gloss and a facial highlighter that doubles up as an eyeshadow palette.

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Lucky Chouette is the second line of Jardin de Chouette and is basically South Korea's answer to Marc by Marc Jacobs. If you're a fan of graphic prints, youthful silhouettes and owls, Lucky Chouette will be right up your fashion alley.

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"Chouette" means owl in French, and is seen as a symbol of luck.

Laneige's previous fashion collaborators include Pushbutton and Play No More, both of which also hail from South Korea.

You'll be hard-pressed not to want to swipe up the whole collection. Better start saving now.