Seoul: South Korea's exports of cosmetic products reached an unprecedented $9.3 billion through November this year, according to estimates released by the country's drug safety agency on Monday. This marks a new record for the country's cosmetic exports, surpassing the previous yearly high of $9.2 billion set in 2021.According to Yonhap News Agency, the Ministry of Food and Drug Safety reported that the combined exports for the January-November period have surpassed all previous records. The steady rise in outbound shipments of cosmetic products has been ongoing since 2014, reflecting the growing global demand for South Korean beauty products.The overseas sales of these products have shown significant growth over the past decade, increasing from $1.8 billion in 2014 to $4.9 billion in 2017. By 2020, the exports had surged to $7.6 billion, followed by $9.2 billion in 2021. Although 2023 saw a slight dip to $8.5 billion, the current figures indicate a strong recovery and growth trajectory for the industry.
- October 12, 2026
