April 26, 2024

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[THE INVESTOR] South Korea’s exports of cosmetics products to China jumped in the first two months of this year from a year earlier, industry data showed on March 29.

The outbound shipments of cosmetics goods to the world’s second-largest economy surged 51.6 percent on-year to US$270 million in the January-February period, according to data by the Korea Cosmetics Association.

They posted a 10 percent on-year jump in January, followed by a 97.4 percent on-year growth the next month, the data showed.

The numbers show China as their biggest export market, with its share standing at 41.5 percent as of end-February, up from 34.2 percent the previous month.

Market watchers said the data reflect the beauty product makers managed to stay unaffected from the diplomatic standoff with China, sparked by the decision to station THAAD on the Korean Peninsula.

Industry officials expressed concerns over how the sales would turn out after the travel ban that took effect March 15, adding that they are keeping close tabs on any moves by China that might affect their businesses.

By Alex Lee and newswires (alexlee@heraldcorp.com)