Tag - Korea beauty products

Canada emerging as new market for K-beauty

Korea’s cosmetics goods are expanding their presence in Canada and will likely grow further with the elimination of tariffs next year, the Korea Trade-Investment Promotion Agency (KOTRA) said Sunday. According to KOTRA, the North American country imported $2.5 million worth of cosmetics from Korea last year, a 57.9 percent rise from four years earlier, and Korea was the seventh-largest cosmetics exporter to the country. Canada imported $1.3 billion worth of cosmetics last year, marking a 7.7 percent average annual growth rate [...]