S. Korea to foster cosmetics as new export growth engine: finance minister

SEOUL - Finance Minister Koo Yun-cheol has vowed to foster the cosmetics industry as a new export engine for the country in line with the global popularity of South Korean products.Koo made the remark during a meeting Thursday with representatives from major cosmetics firms to discuss ways to further bolster the industry by utilizing cutting-edge technologies, according to the Ministry of Finance and Economy."The K-beauty industry has expanded beyond the cosmetics sector to become a future strategic industry combining artificial intelligence, data and devices," Koo said."The government an…READ FULL ARTICLE