K-beauty exports quadruple in four years to almost US$ 5 bil. in 2017 with more demand from Asian markets
- 5 years ago
Exports of South Korean cosmetics, or K-beauty,increased last year on the back of constant popularity abroad, with China being the main market for the beauty products.
Yoon Jung-min has details.
South Korean cosmetics exports have been seeing steady growth over the past few years.
According to local trading promotion agency KOTRA on Monday, K-beauty exports quadrupled in four years to reach 4-point-96 billion U.S. dollars in 2017.
Cosmetics exports look strong this year too.
Total exports for the January to September period reached 4-point-6 billion dollars, up 31-point-4 percent on-year.
Greater China was the main market for Korean cosmetics with some 3-point-26 billion dollars of Korean beauty products exported to the region last year, up 12-point-5 percent from the previous year.
Southeast Asia was the second largest importer, with some 530 million dollars of K-beauty imports, followed by North America and Europe.
Shipments to all four regions saw double-digit increases.
KOTRA says the number of cosmetics manufacturers jumped from less than 2-and-a-half-thousand in 2012 to more than 11-thousand last year on the back of increasing popularity of K-beauty.
The agency added it expects the cosmetics industry to add new momentum to the domestic economy, creating more new jobs and opportunities.
Yoon Jung-min, Arirang News.
"Russia has violated the agreement. (cut) We're the ones that have stayed in the agreement and we've honoured the agreement, but Russia has not, unfortunately, honoured the agreement, so we're going to terminate the agreement. We're gonna pull out"
The Intermediate-Range Nuclear Forces Treaty was an agreement signed in 1987 between the leaders of the United States and the then-Soviet Union,... banning ground-launch nuclear missiles with ranges from 500 kilometers to 55-hundred kilometers.
The treaty led to nearly two-thousand-700 short- and medium-range missiles being eliminated,... and ending a dangerous standoff between the two sides.
Speaking at a rally in Nevada over the weekend,... President Trump accused Moscow of violating the agreement,... adding both Russia and China have been developing new weapons,... while the U.S. has not.
This comes as Trump's National Security Advisor John Bolton,... a longstanding opponent of arms control treaties,... was reported to have been pushing for a U.S. withdrawal.
President Trump did not provide details about the violations,... but in 2017,... White House national security officials said Russia violated the INF agreement with the development and deployment of a new cruise missile.
NATO ministers issued a joint statement shortly after saying the treaty "has been crucial to Euro-Atlantic security",... adding they will remain fully committed to the preservation of the landmark arms control treaty.
The ministers also urged Russia to come clean about the capabilities of its new missile.
In response to Trump's remarks,... Russia's Defense Committee Chairman Vladimir Shamanov says
Yoon Jung-min has details.
South Korean cosmetics exports have been seeing steady growth over the past few years.
According to local trading promotion agency KOTRA on Monday, K-beauty exports quadrupled in four years to reach 4-point-96 billion U.S. dollars in 2017.
Cosmetics exports look strong this year too.
Total exports for the January to September period reached 4-point-6 billion dollars, up 31-point-4 percent on-year.
Greater China was the main market for Korean cosmetics with some 3-point-26 billion dollars of Korean beauty products exported to the region last year, up 12-point-5 percent from the previous year.
Southeast Asia was the second largest importer, with some 530 million dollars of K-beauty imports, followed by North America and Europe.
Shipments to all four regions saw double-digit increases.
KOTRA says the number of cosmetics manufacturers jumped from less than 2-and-a-half-thousand in 2012 to more than 11-thousand last year on the back of increasing popularity of K-beauty.
The agency added it expects the cosmetics industry to add new momentum to the domestic economy, creating more new jobs and opportunities.
Yoon Jung-min, Arirang News.
"Russia has violated the agreement. (cut) We're the ones that have stayed in the agreement and we've honoured the agreement, but Russia has not, unfortunately, honoured the agreement, so we're going to terminate the agreement. We're gonna pull out"
The Intermediate-Range Nuclear Forces Treaty was an agreement signed in 1987 between the leaders of the United States and the then-Soviet Union,... banning ground-launch nuclear missiles with ranges from 500 kilometers to 55-hundred kilometers.
The treaty led to nearly two-thousand-700 short- and medium-range missiles being eliminated,... and ending a dangerous standoff between the two sides.
Speaking at a rally in Nevada over the weekend,... President Trump accused Moscow of violating the agreement,... adding both Russia and China have been developing new weapons,... while the U.S. has not.
This comes as Trump's National Security Advisor John Bolton,... a longstanding opponent of arms control treaties,... was reported to have been pushing for a U.S. withdrawal.
President Trump did not provide details about the violations,... but in 2017,... White House national security officials said Russia violated the INF agreement with the development and deployment of a new cruise missile.
NATO ministers issued a joint statement shortly after saying the treaty "has been crucial to Euro-Atlantic security",... adding they will remain fully committed to the preservation of the landmark arms control treaty.
The ministers also urged Russia to come clean about the capabilities of its new missile.
In response to Trump's remarks,... Russia's Defense Committee Chairman Vladimir Shamanov says