Although the cosmetic market continuously develops in korea, the foreign product occupies more and more its market3hare in korea. For the future of our industry, institutional support for the ‘functional cosmetics’ (Cosmeceuticals) development sho...
Although the cosmetic market continuously develops in korea, the foreign product occupies more and more its market3hare in korea. For the future of our industry, institutional support for the ‘functional cosmetics’ (Cosmeceuticals) development should be secured and export infrastructure should be more solid. This paper examines recent trend in cosmetics market (home and foreign) and identifies barriers for the development of cosmetic market. In conclusion, we present several policy strategies for the development of its market.