South Korean travel retailer Lotte Duty Free has invested in a government-backed project that supports local brands in entering and gaining presence in the Japanese market.
South Korean cosmetic products from SMEs and start-ups have chalked up the biggest growth in exports in the past decade and is now the second-largest category, according to a new report from trade chiefs.
Personal care major Unilever has set aside more money to conduct business with suppliers owned or managed by under-represented groups, including those led by women and people with disabilities.