Exporting beauty

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Exporting beauty

 
LG Household & Health Care’s cosmetics are displayed at the company’s store in the LG Gwanghwamun Building in Seoul on Tuesday. According to the Ministry of Food and Drug Safety, Korea was the world’s third largest exporter of cosmetic and beauty products in 2020 behind France and the U.S. The government reported that K-beauty export in 2020 rose 16.1 percent to $7.57 billion. This was a stark contrast to domestic sales, which fell 13 percent. [YONHAP]

LG Household & Health Care’s cosmetics are displayed at the company’s store in the LG Gwanghwamun Building in Seoul on Tuesday. According to the Ministry of Food and Drug Safety, Korea was the world’s third largest exporter of cosmetic and beauty products in 2020 behind France and the U.S. The government reported that K-beauty export in 2020 rose 16.1 percent to $7.57 billion. This was a stark contrast to domestic sales, which fell 13 percent. [YONHAP]

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