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South Korea's Beauty Brands Perform Strongly In U.S. Market

July 13, 2015: 12:00 AM EST
South Korean cosmetics companies are seeing strong sales growth in the United States, according to industry observers. AmorePacific, the largest Korean beauty brand, said sales grew to 7.7 billion won, or $6.8 million, in the first quarter of 2015, compared with 3.8 billion won in the previous quarter. Annual sales for 2014 reached 34.9 billion won, compared with 12.1 billion won in 2010. LG Household & Health Care launched its herb cosmetics brand Belif at Sephora stores across the country.
"Korean cosmetics firms see strong sales in U.S.", Korea Herald, July 13, 2015, © Herald Corporation
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