SOUTH KOREA’S BOOMING SKINCARE BUSINESS CONTINUES TO THRIVE
March 1st, 2012
BY KARRYN MILLER
A STROLL through Myeong-dong, one of Seoul's busiest shopping districts, gives a good idea of the magnitude of the popularity of South Korea's cosmetics and skincare industry: according to the Korea Tourism Organisation there are approximately 1,000 cosmetic shops and hundreds of skincare stores within this small quadrant, alone.
According to AMOREPACIFIC, South Korea's largest cosmetics and skincare player, the domestic cosmetics market has maintained a high growth rate - an annual increase of 10.4% on average - since 2006. In 2011, market ...
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