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AmorePacific Sees Growing Sales, Driven By JeJu Tourism And Global Demand For Korean Beauty Products

October 27, 2014: 12:00 AM EST
South Korean cosmetics company AmorePacific's duty-free sales in the country jumped 184 percent in the first half of 2014, compared with the same period in 2013. According to the company, its business on the Jeju island accounts for a significant portion of the revenue. The number of Chinese tourists visiting the island rose 48 percent to 2.3 million in the first nine months of the year. Around 308,000 non-Chinese international visitors came to the island during the same period, a decline of 19 percent compared with the same period in 2013. The growing popularity of Korean pop music and TV drama shows is driving global demand for Korean cosmetics products.
Elizabeth Woyke, "AmorePacific Sales Soar As Tourists Race To JeJu For Cosmetics", Forbes, October 27, 2014, © Forbes.com LLC
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