It's a Korean traditional seal case. Of course, it can also be used as a Lipstick case or USB Memory card case.
Korean Traditional Craft Studio ; Korean Traditional Sewing, Patchwork, Jogakbo, Bojagi, Knot, Tassels
Korean Traditional Craft Studio ; Korean Traditional Sewing, Patchwork, Jogakbo, Bojagi, Knot, Tassels