Report: Retailers want a piece of Korean beauty business

Demand for Korean beauty products shows no signs of slowing down, according to a new report from Fast Company.

According to the Korea Customs Service, the country’s exports of cosmetics totaled $2.5 billion last year, up 53.1% from 2014. Specifically within the U.S., exports hit $663 million last year, a 56% uptick from 2014.

Retailers such as Sephora, Ulta and others are ramping up their Korean beauty offerings. Everyone from prestige to mass to independents are getting in this game, according to Fast Company.

Drug Store News has covered this trend from its early beginnings.

To read the latest on Korean beauty, see Fast Company's new report by clicking here.