South Korea's booming cosmetics industry faces fresh challenges from US tariffs
South Korea's booming K-beauty industry is facing fresh challenges from US tariffs. The US scrapped its de minimis rule for low-value goods in August, which means imported Korean cosmetics are now subject to a 15% tariff. According to government data, exports of Korean beauty products jumped 20% last year to a record US$10.28 billion. Latest figures show South Korea is now the world's third-biggest exporter of beauty goods and the largest to the US. Lim Yun Suk reports.
South Korea's booming K-beauty industry is facing fresh challenges from US tariffs. The US scrapped its de minimis rule for low-value goods in August, which means imported Korean cosmetics are now subject to a 15% tariff. According to government data, exports of Korean beauty products jumped 20% last year to a record US$10.28 billion. Latest figures show South Korea is now the world's third-biggest exporter of beauty goods and the largest to the US. Lim Yun Suk reports.
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