Industry
Exports of Korean cosmetics to China jumps 5-fold in 3 yrs
March 16, 2017
Exports of South Korea-made cosmetics to China jumped by more than five-fold over the past three years, industry data showed Thursday, as the Korean Wave, or Hallyu, fueled robust demand.Outbound shipments of makeup products shipped to China reached $1.56 billion in 2016, compared to $300 million tallied in 2013, according to the data by the Korea Cosmetic Association.A pedestrian walks by a cosmetics store in Myeongdong in central Seoul, on March 6, 2017. (Yonhap)The 2016 figure also marks a 33