Growing demand fuels South Korea health care and cosmetics exports by 19.4 percent

Growing demand fuels South Korea health care and cosmetics exports by 19.4 percent

The South Korean Ministry of Health has announced a 19.4 percent growth in health care and cosmetics exports in 2018, amounting to USD $14.6 billion.

The growth was fuelled by rising demand for make-up products as well as drugs and medical equipment. According to the ministry, of this figure cosmetics accounted for $6.3 billion, with drugs standing at $4.7 billion and medical tools at $3.5 billion.

Cosmetics were said to have witnessed the biggest leap in percentage rise, jumping 26.5 percent, highlight the ongoing draw of K-beauty products worldwide.

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