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…
(Seoul = Yonhap News) Reporter Ko Yu-seon = The government plans to establish a comprehensive plan every five years to foster the cosmetics industry at a national level, and [implement] certifications for innovative cosmetics companies, etc...