SEOUL
Korea
25 May 2020
04:30PM, local time (UTC +9)
Seoul
The International Monetary Fund (IMF) expects South Korea’s economy to contract 1.2 percent this year. Covid-19 in South Korea has had several impacts on the cosmetics sector. The sale of skin care products has been increased over the sales of colorful cosmetics. The nation exported nearly $625 million in cosmetics to the U.S. last year, and much of its global success is tied to vibrant packaging and marketplace agility. The country will play a major role in restarting the global beauty industry.
