SEOUL, June 21 (Korea Bizwire) — South Korea became the world’s third-largest exporter of cosmetics products in 2020 with its trade balance in the sector remaining in the black for nine straight years, government data showed Monday. The country exported US$7.57 billion worth of cosmetics goods last year, up 16.1 percent from a year earlier, [...]
JINJU, July 29 (Korea Bizwire) — Apple pomace, normally thrown away as waste or used as animal feed due to a lack of recycling technology, will now be used in cosmetics products. Gyeongsangnam-do Agricultural Research & Extension Services (ARES) announced Tuesday that it has transferred a newly developed technology that uses apple pomace to make [...]
SEOUL, Nov. 21 (Korea Bizwire) — Concerns have been raised that the government’s restrictions on the use of colored bottles and plastic bottles could lead to price hikes for liquor and cosmetics products and hinder exports as well. The Ministry of Environment classified the revision of the Resource Recycling Act, which will take effect on [...]