中国女游客拉动韩国化妆品行业发展
South Korea's Yohaps News: Cosmetics companies and duty-free shops in South Korea are seeing a continuous rise in stock prices because of soaring numbers of Chinese female tourists, that's according to a report by Huanqiu website.
The Chinese made 574,000 travels to South Korea in June, accounting for 45 percent of all foreign tourists. The report quoting statistics from South Korean financial investment and tourism information system, among those Chinese travelers, 305,000 of them were female.
The custom data showed, in June, cosmetics exports to China, including Hong Kong and Taiwan, alone accounted for 54.7 percent of the total South Korean exports of cosmetic.
With considerable purchasing power, Chinese female tourists became South Korea's market focus. A researcher at South Korea SK Securities Co Ltd said Chinese women are expected to be the main force to boost the development of South Korean duty-free shops and cosmetics industry as they gradually become key players in consumption.
South Korean cosmetics makers LG Household & Health Care Co Ltd and AmorePacific saw their stock prices rise 8 percent and 20 percent respectively during the period between July 1 and August 1.
