Tag - south korea cosmetics exports china demand

South Korea's cosmetics exports surge on China demand

Exports of South Korean cosmetic products jumped more than 50 percent last year from a year earlier, buoyed by a surge in demand from Chinese consumers, data showed Thursday. Outbound shipments of cosmetics totaled $1.87 billion last year, spiking 52 percent from the previous year, according to government and industry data. The on-year increase was mostly powered by surging sales of Korean cosmetics products in China, with exports to the country accounting for 31 percent, or $581 million of the total. Demand [...]