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Beauty companies in Daegu to tap into Russian market with positive reaction at exhibition

According to Yonhap News,

(DAEGU=Yonhap News) Daegu Techno Park (Daegu TP) announced on April 26 that regional Beauty companies participated in "2019 InterCharm Moscow" and had 75 export consultations worth USD 28 million. br />
During the event, held from April 18, six companies including Abalico Korea, U-BioMed participated through Daegu city's program to support "revitalization of K-Beauty export consortium."

Participating companies signed USD 210,000 export agreements on the site, confirming the likelihood of entering Russian market.

The InterCharm Moscow is Russia's largest beauty exhibition covering cosmetics, hair products and others.

An official from Daegu TP said, "As the Russian cosmetics market is largely dependent on imports, the likelihood of regional companies to enter the market is high," adding that "We will do our utmost to diversify sales market, such as Russia and Central Asia."

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Source Text

** This article was translated from Korean.

Source: Yonhap News (April 26, 2019)