Korea cosmetics exports to China more than doubled last year Korean media that

Some Korean male and female use of cosmetics products, more welcome by Chinese consumers. Imports a couple of nuclear software CD will be

Korea cosmetic is preempting the makeup of Chinese consumers.

On January 24, the Korea Trade Association released data say, 2015 Korea cosmetics exports to China grew by 1 time, to 1.088 billion dollars, hit a record high of over Korea cosmetics 2.753 billion dollars total exports, an increase of 53.6%. This also means that Korea export of cosmetics, 39.52% were sold in the Chinese market.

Yonhap quoted analysts say, Korea cosmetics sales mainly because the Korean wave sweeping the world, Korea cosmetic quality is recognized in the global market, boosting exports.

Data show that from 2010, the Korea cosmetics exports maintained double-digit growth, especially after 2013, annual growth rates in excess of 50%, in 2014, exports to China grew by 95% in 2015 and 100.6%.

Include amore Pacific and more, LG life health Korea cosmetics business, began to expand in the China market, with the help of Korean culture awareness. Especially some Korean male and female use of products, more welcome by Chinese consumers.

China's cosmetics market, Korean media considers that there is still space to develop.

Korea Central Daily said, in the world's top five consumer of cosmetics, cosmetic spending at $ 251 per capita, compared to China's 1/13, there is still a lot of growth potential.

Korea media view, South Korea FTA could boost growth as soon as the cosmetics trade, Korea Central Daily News, said cosmetics are considered to be best hope of Sino-Korean free trade agreement unit fall in tariffs could make Korea products in terms of price competition with local enterprises, Korea cosmetics revival ushered in the second period.

However, since the Sino-Korea free trade agreement came into effect on December 20 last year, most of Korea reducing tariffs of cosmetics does not seem to be high. According to the agreement, China from Korea cosmetics deductions of only 14, share of basically trivial in the cosmetics category as a whole. Perfumes, lipsticks, eye creams most cosmetics do not contain such as China and South Korea in the tariff. However, China from Korea's shampoo bath products and skin care products, will be part of the tax reduction in 5 years 20%-35%.

Apart from Sino-Korean free trade agreement, seen as close to China and South Korea, and Korea Government promotion, also help Korea commodity in the open market in China.

On January 24, Korea small and medium enterprises Office and the Korea venture investment company limited, China and South Korea jointly invested in size of the units and institutions for the $ 100 million Fund, Korea Fund of 40 billion won (about 220 million yuan), Shenzhen investment holdings company limited and the China civil agencies invested 30 billion won, the rest financed by the Fund management company, the Fund will be used to help biotechnology, information technology and mobile, Media Excellence in areas such as Korea SMEs and venture enterprises to enter the Chinese market.

Korea Trade Association data showed Beijing Representative Office, in 2015 the fourth quarter, Korea's trade with China reached 75.6 billion dollars, for the first time overtake Japan (71.7 billion dollars), became the United States China's second largest trade partner.