Production of cosmetics grow 11.5% in 2012

Total output of cosmetic products in Korea grew 11.5 percent on-year in 2012 thanks to higher demand from domestic consumers and foreign tourists, data showed Monday.

Cosmetics production here came to 7.12 trillion won last year, compared with 6.38 trillion won a year earlier, according to the data offered by Korea Cosmetic Association (KCA). The growth rate was the fastest, when compared to...