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Chinese Women Visiting South Korea Drive Growth In Duty-Free And Cosmetics Industries

August 4, 2014: 12:00 AM EST
Female tourists from China are helping boost the stock prices of duty-free and cosmetics companies in South Korea, according to a report by the Huanqiu website. In June 2014, 305,000 Chinese women visited South Korea, according to data from the country’s financial investment and tourism information system. China, Hong Kong, and Taiwan accounted for 54.7 percent of South Korea’s cosmetics exports in June 2014. For the period July 1 to August 1, the stocks of cosmetics manufacturers LG Household & Health Care Co. Ltd. and AmorePacific rose 8 percent and 20 percent, respectively.
"Chinese female tourists boost stocks of ROK cosmetics", ECNS.cn, August 04, 2014, © Chinanews.com
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