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Korea Passes Landmark Law to Supercharge $11.4 Bil. Cosmetics Industry

Summary by The Korea Times
Driven by unprecedented global demand for skincare and cosmetics, the National Assembly passed landmark legislation this week designed to systematically cultivate Korea’s beauty sector into a primary engine of national economic growth. The Act on the Fostering and Support of the Cosmetics Industry establishes the nation’s first legal framework created specifically to nurture the commercial development of the sector. The measure operates independ…

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연합뉴스-Yonhap News Agency broke the news in Seoul, Korea (the Republic of) on Thursday, August 20, 2026.
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