South Korea’s Ministry of Food and Drug Safety has become the third-largest cosmetics exporter after exceeding US$10.28 billion last year, up 20.3% from the previous year. K-beauty has a growing influence on the global personal care industry, offering solutions that key into major trends such as multifunctional and eco-conscious products. This export surge underscores the nation’s current position as the third-largest exporter of cosmetics in the world, behind France, which exported US$23.26 billion, and the US, which exported US$11.2 billion. Korea has overtaken Germany, which recorded US$9.08 billion in exports during the same period.
