As South Korea’s cosmetics industry saw a trade surplus of over three trillion won (€2.3 bn) — how much exports exceed the cost of the country’s imports — K-beauty is now fiercely expanding into European markets.
To find out how business on the ground is fairing since this country’s new President had his ‘worst call by far’ with a foreign leader, Cosmetics Design caught up with Jacqui Rathner of Naturally Australian Products.
Last month Cosmetics Design ran a reader survey to gauge your sense of how the next four years will reshape the industry. The results are in—likely new policy on trade agreements, international sourcing, and regulations will impact the beauty business.
Although Japanese law does not require most cosmetics to undergo animal testing - it is not prohibited and the government is really feeling the pressure to introduce the same regulatory requirements around alternatives as the EU.