As you can see this look can be achieved through corset/waist training. There are many types of corsets such as overbust and underbust corsets. 'A corset is a garment worn to hold and shape the torso into a desired shape for aesthetic or medical purposes (either for the duration of wearing this item, or with a more lasting effect). Both men and women are known to wear corsets, though women are more common wearers' -Wikipedia
This is an example of an underbust corset, as you can see it goes from her hips to just under her bust. They come in many designs and I think they are beautiful.
This is an example of an overbust corset because it goes from the hips to over the bust. They can be worn be themselves or with a shirt because of their coverage.
A common misconception about corsets is that they are meant to be tightened to a point where it becomes hard for the wearer to breath. This is NOT true, if a corset is uncomfortable or to tight you are in fact encouraged to take it off. They are supposed to be comfortable and give you a good posture because of their structure.
Just a bit of info,