South Korea exported US$6.49 billion worth of cosmetics last year, up 3.6 percent from overseas shipments in 2018, but down sharply from a near 27 percent surge in 2018.
The 3.6 percent increase was the industry's slowest recorded pace since the 2.9 percent hike in 2011.
Exports to Japan climbed by 32.7 percent to $401.6 million as shipments to China increased 14.3 percent to $3.04 billion.
However, exports to Hong Kong plummeted 30.1 percent to $919.4 million, and those to the US slid 2.4 percent to $525.3 million.
The weaker growth was attributed to US-China trade tensions, UK's separation from the European Union, as well as the slowing global economy.
Korean cosmetics exports had robust on account of Korean pop culture's popularity, soaring over 50 percent in 2014 and 2015 before slowing to 18.3 percent in 2017.
Nonetheless, last year's cosmetics exports far outshone South Korea's overall shipments overseas, which sank 10.3 percent on-year to $542.3 billion.


Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
Syrah Resources and Tesla Extend Deadline on Graphite Supply Dispute to March
Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 



