The unprecedented demand for Korean-made cosmetic products, ignited by the ever-rising popularity of the so-called K-Beauty, is producing a huge ripple effect on other industries.
Korea’s large cosmetics companies such as AmorePacific and LG Life Science and mid-sized cosmetics firms such as Kolmar Korea and Cosmax are siphoning cosmetic intermediary materials throughout the nation’s industrial complexes.
In a situation where the supply of cosmetic containers, materials and packaging materials are falling far behind the demand, there are cases in which domestic cosmetic companies ask the manufacturers with specialty in manufacturing of liquor bottles to produce cosmetic containers for them.
According to industry sources on May 10, domestic manufacturers of cosmetic containers and materials are enjoying an unprecedented boom time, with their production volume rising by up to ten times compared to a year ago.
Youngil Glass Industry Co., for example, is churning out 300,000 units of cosmetic bottles per month, a ten times growth compared to 30,000 units a year ago.
By Kim Yu-na
