Korea's cosmetics exports surpass $10 bil. last year
Customers shop at a cosmetics store in Seoul, Dec. 2, 2024. Yonhap
Korea's exports of cosmetic products exceeded $10 billion last year, marking a significant milestone for the K-beauty industry, government data showed Monday.
The combined shipments of cosmetic products jumped 20.6 percent on-year to an all-time high of $10.2 billion in 2024, the Ministry of Food and Drug Safety said in a press release.
The record result was helped by the growing popularity of Korean cultural content, such as K-pop and K-dramas, it added.
By country, China was the biggest importer of Korean cosmetics, with purchases worth $2.5 billion, followed by the United States with $1.9 billion and Japan with $1 billion, the release said.
"The government will strengthen cooperation with trading partner countries to help local firms continue the growth of cosmetic exports while helping them meet safety standards in the U.S. and China," Food Minister Oh Yu-Kyoung said in the release. (Yonhap)